Location:Chinatrucks >
news >
industry news > Michelin Group to Invest One Billion Euro to Build New Plant in China in 2012
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.
Views:0
share:
China Trucks International Promotion
Submit Your Requirements, We Are Always At Your Service.
Related China Trucks News
- Michelin’s New X Multi Truck Tyre Range Debutes at the UK's CV Show 2017-05-02
- Michelin Intensifies Investment in Developing Markets 2013-06-05
- Michelin Opens $1.5b Factory in Shenyang 2013-02-01
- Continental, Michelin retreads verified under EPA's SmartWay program 2012-09-17
- Michelin China Sells Performance, Not Rubber 2012-09-06
- Sales of Michelin in North America grows 2012-07-23
- Michelin North America appoints new president, chairman 2011-10-19
- Michelin introduces two new on/off-road tires 2011-07-29
- Michelin Provides Optimal Transport Solutions for Customers 2011-05-03
- Michelin to expand business with 1,200 million Euros 2010-09-30
Hot News
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- Indonesia’s State-led Firm Set to Purchase 320,000 Vehicles
- SANY Truck and Pony.ai to Mass-Produce Gen-4 Autonomous Trucks in 2026
- FOTON Boosts Local Manufacturing in South Africa
- Office Closure for National Day Holiday
- FORLAND Rolls Out Its 6.8 Millionth Vehicle
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
- China Heavy Truck Sales Fall to 73,600 Units in February
- China’s Medium-Duty Truck Sales Fall to 8,125 Units in February, 2026
- China’s February Light Truck Sales Fall 23% to 117,200 Units
- China’s Mini Truck Sales Rise 15% in February to 41,500 Units
- China’s Light Truck Market Rises 8% in January 2026 to 323,500 units
- China’s Pickup Sales Reach Five-Year January High as Market Momentum Builds
- Heavy Truck Sales Soar 46% to 105,400 Units in January 2026
- January Medium Truck Sales Hit 14,100, Up 33%
- China’s Truck Exports Top 1 Million Units for the First Time in 2025
- China Tractor Truck Sales Up 54% in Dec., 2025 Full-Year Sales 460,000 Units
