Michelin Romania had a net profit of RON120.2 million (EUR24.4 million) in 2022, down 16% from over RON143 million (EUR29 million) in 2021, in line with publicly available data. The company reached an average 4,698 employees in 2022, 304 more than in 2021.
Michelin has three plants in Romania – two in Zalau (one for metal cord and one for truck and machinery tires) and one in Floresti, where it manufactures exclusively car tires under the Kleber brands, which account for about three-quarters of production, and BF Goodrich, the company previously said.
Michelin’s Zalau plant produces rubber compounds and other semi-finished products, truck tires for the lower and upper intermediate market segment under the BFGoodrich, Taurus, Kormoran, Riken, Tigar and Orium brands, as well as tires for civil engineering, construction, mining, agriculture, subway and other specific activity tires, according to earlier information.
In 2022, Michelin Romania started a project worth around EUR1.2 million for the construction of a solar photovoltaic (PV) park in Zalau, which will have an installed capacity of 0.99 MW, using 1,824 modules with a capacity of 545 Wp located on the rooftop of a facility of the factory Michelin Anvelope Zalau. The annual production is estimated at 1.041 MWh and works are due to be completed on September 30, 2023, the company also said previously.