News from Notch Consulting, Inc.

July 7, 2017

Extension of tire building project announced at Michelin NA

Filed under: Tires — Notch @ 11:11 am

Michelin North America (Canada) Inc. announced an additional two years of tire building at its Michelin Pictou County site in Nova Scotia to meet consumer demand for winter products. Initially, the Michelin Latitude X-Ice Xi2 winter tire project was announced in March 2016 for a period of two years; it has now been extended until May 2020.

“We continue to have significant customer demand for this winter product line and are certainly pleased to extend this project at our Michelin Pictou County site until 2020 to meet this need,“ said Jeff MacLean, President, Michelin North America (Canada) Inc. “Michelin has been building tires in Nova Scotia for over 46 years and we are proud to continue to build Michelin Latitude X-Ice Xi2 for our Canadian winters and our export markets.”

Currently, the Michelin Pictou County site is home to a high-performance car tire production shop, the current Michelin Latitude X-Ice Xi2 project, tire membrane production and a large rubber mixing operation, as well as the company’s Canadian corporate offices.

Read the full press release here.

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Michelin upgrading Romanian tire, cord plants

Filed under: Tire Cord, Tires — Notch @ 10:59 am

Group Michelin is investing roughly $105 million in a pair of plants in Romania, to cover the start of production of new tire models at one and expand steel cord output at a second, according to local press reports.

The French tire maker is budgeting $37.5 million at its tire plant in Zalau for new models that will target the lower levels of the “intermediate” market segment and will include the Tigar brand.

“This new strategic project of the Michelin Zalau Anvelope plant perfectly marks its 40 years of continuous development. I am very proud that the Michelin team continues to contribute to the group’s growth strategy. The plant is now ready to deal with new challenges by setting up modern equipment, launching new brands and implementing a business model that links the plant directly to the client,” said Sean Parry, the director of the Michelin Zalău industrial platform, according to the Romania Insider.

Michelin produces some 130 tire models at the Zalau facility that are aimed for the Europe, Middle East, and African market. The facility employs 1130.

Michelin also is investing $68 million through 2019 at its steel cord plant in Zalau to boost capacity there by 50 percent to 60,000 metric tons, the company said.

The tire cord factory in Zalau is a strategic unit for Michelin as it supplies tire reinforcement components to the group’s tire factories in Europe, America, and Asia. Some 90% of the factory’s output goes to export.

Read more here and here.

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