MICHELIN
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Michelin Halts Production in Zalau
Michelin Romania, part of French tire manufacturer Michelin Group, halted production in Zalau at the end of last week, just days after halting production in Floresti, Prahova county.
Michelin Exports 90% of Floresti Plant Tire Production
French-held Michelin group manufactures about 13,000 tires at its Floresti (Prahova County) plant every day, according to estimates, which would translate into a 3.2 milion tire annual volum...
Michelin: Car Tire Market up 65% in Four Years
Sales of tires will continue to increase this year; as Romanians are buying more and more new and used cars, the market of tires for them will stand to gain, tire maker Michelin believes.
Michelin Expects Tire Sales To Rise By At Least 5% In 2018
Tire manufacturer Michelin expects sales of tires to continue to grow this year, as well, at a rate of at least 5%. As Romanians buy newer cars, tire makers will be delivering bigger tires,...
Michelin Group Invests EUR60M In Michelin Zalau Cord Plant
Michelin group will invest EUR60 million in the metallic cord plant Michelin Zalau Cord in Zalau town, northwestern Romania, thus creating 140 jobs and increasing production capacity by 50%,...
Romania’s Competition Council Clears Takeover Of Tire Distributor Ihle By Michelin
Romania’s Competition Council has approved the transaction whereby French group Michelin took over, via a company it holds in Germany, tire distributor Ihle Holding also registered in German...
Michelin Group Head: Romania’s Economy Still Has A Long Way To Go
Romania is among the countries in Central and Eastern Europe with growth potential for Michelin, but its economy still needs to grow, Jean-Dominique Senard, Chief Executive Officer of French...
Michelin Romania To Pay RON73.3M As Dividends, 94% Of Last Year’s Profit
Michelin Romania, part of French tire producer Michelin, will pay dividends worth RON73.3 million, namely 94% of last year’s profit.
Michelin Romania's Profit Doubled In 2013
Michelin Romania, the company that coordinates both the three tire plants of Romania and the commercial activity of Central and Southern Europe, including the Romanian market, hit a 6-year h...