Michel Rollier, managing chairman and managing general partner of Michelin Group says that a new investment in Eastern Europe is really being considered. As such Romania is one of the possible destinations. Plans may involve Poland, Hungary, Romania and Serbia, Rollier added.
Before Michelin makes the investment it needs to be sure it has the support of local authorities, which includes the necessary infrastructure and state aid, the group’s official said.
The French tire maker owns three plants in Romania, one of which makes car tires in Floresti, Prahova county, a truck tire plant and metallic cord plant in Zalau (northern part of the country).
Michelin has invested over EUR260 million in the Floresti tire plant over the last ten years.
Michelin Romania was 76th in the ranking of the most valuable companies compiled by ZF, as it was worth EUR145 million. The company’s revenue stood at over EUR372.6 million last year, 40% more than in 2010.