| Michelin Group and Tamil Nadu government signed a Memorandum of Understanding (MoU) for Michelin’s tyre manufacturing plant, 50 km north of Chennai at Thervoy Kandigai in Thiruvallur district. With a commitment of an investment of Rs. 4,000 crores in 7 years the plant will be spread over an area of 290 acres and will absorb, minimum, 1,500 workers.
With the accelerating development of road and highways infrastructure and the number of ongoing road development projects, India is on course to offer customers the opportunity to extract the full value from radial tyres. The Company believes that India holds tremendous potential for the Michelin Group in terms of establishing a world class manufacturing facility.
The manufacturing facility will focus first on a range of Radial Truck/Bus tyres. The plant will start operations in 2012 and will focus on the growing Indian market.
From Europe to the Americas to Asia, every Michelin manufacturing plant around the world follows the same uncompromising code of quality. Michelin is a major player in the area of better mobility and is known for its spirit of innovation |
