Michelin To Build Vietnamese Factory? - Tire Review Magazine

Michelin To Build Vietnamese Factory?

A report in the Vietnam Investment Review, citing an unnamed Michelin official, suggests that the tyre manufacturer may be considering building a tyre manufacturing plant in Vietnam over the next three years, at a cost of US$ 1.5 billion.

The plant could cover an area of up to 100 hectares and have an annual production capacity of 80,000 tons, suggested the report, with up to 90% of output going to satisfy rising demand for tyres (particularly industrial tyres) in Australia and Asia. The factory would use Vietnamese rubber in manufacturing the tyres. (Tyres & Accessories/Staffordshire, U.K.)

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