Michelin Group Invests EUR60M In Michelin Zalau Cord Plant NW Romania

Michelin group will invest EUR60 million in the metallic cord plant Michelin Zalau Cord in Zalau town, northwestern Romania, thus creating 140 jobs and increasing production capacity by 50%, to 60,000 tons of metallic cord per year by 2019, the company said in a statement Wednesday.

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Imaginea articolului Michelin Group Invests EUR60M In Michelin Zalau Cord Plant NW Romania

Michelin Group Invests EUR60M In Michelin Zalau Cord Plant NW Romania

Michelin Zalau Cord manufactures metallic cord for Michelin tires and employs 350 people.

“Michelin Zalau Cord plant is a strategic unit for the group through its production of metallic cord, vital components for the tire production. With more than 90% of the metallic cord production intended for export, Michelin Zalau Cord plant contributes to the tire production in numerous Michelin plants on 3 continents, Europe, America and Asia,” the company said.

Michelin has been operating in Romania since 2001, where it has three factories, two in Zalau (Bihor county) and one in Floresti (Prahova county), respectively. Its investments on the local market, which consisted in modernizing its plants and training its employees, amount to EUR400 million. Michelin Romania has 3,300 employees.

Headquartered in Clermont-Ferrand, France, tire company Michelin is present in more than 170 countries, has 112,300 employees and operates 68 production plants in 17 different countries.

 

 

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