NEW DELHI, India (Feb. 3)—Groupe Michelin has narrowed its site selection process for a new plant in India to locations in the western states of Karnataka and Gujarat, according to Jean-Philippe Legrand, vice president of finance and administration for Michelin India Pvt. Ltd. Michelin has budgeted $115 million for the project. Site selection is expected to be completed by year´s end. Michelin received permission from India´s Foreign Investment Promotion Board in 1998 to establish tire manufacturing in the country, and the company has been evaluating its options since. The company´s plans include capacity for steel radial truck tires as well as plans to export to other south Asian countries, Legrand said.
Michelin narrows choices in India
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].