The tire producer’s revenue climbed by 0.5% in 2013 against 2012, to EUR481 million. The company returned to growth after revenue slid by 6% in 2012, to EUR478 million. The all-time high was hit in 2011, when Michelin generated EUR507 million in revenue.
The French company in January 1, 2014 moved the centre of its regional operations to Bucharest. In the region, Michelin owns plants in Romania, in Floresti (Prahova) and Zalau (Salaj), as well as in Serbia and Hungary.
In Romania, the French company in 2013 paid EUR1.6 million for a 20-ha land plot in Zalau to expand its plant. The company has carried out investments worth almost EUR300 million in Romania in the past 10 years.
In 2001-2010 period, Michelin Romania produced over 450,000 tons of tires and more than 150,000 tons of metallic cord.
(English version by Catalina Apostoiu)