According to Thierry Chiche, Michelin’s senior vice president for Russia and CIS, the tiremaker plans to invest 35 million euros this year developing facilities within the country.
Thierry shared this news during the Moscow International Automobile Salon 2012, which began yesterday, and said the funds would primarily go toward expanding the product portfolio manufactured at Michelin’s Davydovo factory near Moscow.
At present, the factory produces up to two million Michelin and BFGoodrich branded summer and winter consumer tires per annum in 13- to 16-inch sizes. A truck tire retreading plant also has operated in Davydovo since April 2011.
In addition to widening the range of products made at the Davydovo factory, Russian news service Interfax reported Thierry as saying Michelin would invest in a logistics base in Russia and the CIS; further details about this project are not known at this time.
During the Moscow International Automobile Salon 2012, Michelin will debut its Michelin X-Ice 3 in Russia and showcase additions to the company’s Pilot Alpin 4, Latitude Alpin 2 and Primacy 3 ranges. (Tyres & Accessories)