Michelin opens $1.5 billion factory in China

January 30, 2013 by Joey Wang

Michelin opens $1.5b factory in China

The French tire maker Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open its biggest factory in Shenyang, capital of Liaoning province. A company executive says it expects its business in the world’s top vehicle market to accelerate by two to three times in coming years.

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Michelin eyes China market

September 8, 2011 by Joey Wang

French tire maker Michelin has become a strategic investor in Double Coin Holdings (Anhui) Warrior Tire Co Ltd, China Business News reported Sept 8.

In a statement released by Double Coin Holdings, Michelin Finance and Michelin China Invest Co Ltd will enlarge the company’s capital by 667 million yuan ($104.3 million), accounting for 40 percent stakes in the joint venture (JV). Double Coin will still be the largest shareholder.

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