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Michelin plans to expand the production capacity of Serbian tire factory

Michelin plans to invest in 2 helmet impact resistance testing machine in its subsidiary tigartyres in the next five years US $2.7 billion, expanding the tire production capacity of galpiro special factory by 50% to 12million pieces/year due to the important contribution of automobile lightweight to energy conservation and emission reduction

this factory has a history of 77 years. It was acquired by Michelin group in 2005 to produce access grade tires sold under the brands of tigar, Kormoran and RIKEN. Michelin said the tires produced will be supplied to the fast-growing markets of Russia, central and Eastern Europe, Africa and the Middle East

Michelin said that, for example, the investment in thermoplastic clips for the composite fuselage of A350 XWB aircraft is in line with its strategy to strengthen its presence in the access grade tire market, which is expected to grow by 30% globally in the next 10 years. It is said that this project will increase the annual tire production capacity of the factory from the current 8million tires to 12million tires by the end of 2016, and create 700 new jobs, bringing the total number of employees to 2600

production expansion is expected to begin in early 2013, and the expanded plant will be put into production in the middle of 2015. Michelin did not disclose whether the project requires new plants and equipment, nor did it say whether Serbia will provide financial or logistical support

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