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Michelin Group to Invest One Billion Euro to Build New Plant in China in 2012
Date:2011-02-18 Author:Eric Source:www.chinatrucks.com
www.chinatrucks.com: It is reported by France La Tribune that profits of Michelin primary business amounted to 1.69 billion Euro last year, four times higher over 2009. They only earned 0.1 billion Euro in 2009. Their debt ratio decreased from 53% to 20% for increasing capital of Michelin Group. And this can ensure their business development in ten years.
Michelin Group plans to improve their business by at least 6.5% in 2011 with more investment. They will also invested one billion Euro to build a new plant in China in the middle of 2012.
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