CLERMONT-FERRAND, France (May 30)—Groupe Michelin intends to more than double its sales base in Asia in the next five years as it seeks to become the No. 2 tire maker there, Michelin Chairman Edouard Michelin told shareholders at the company´s annual general meeting. But Michelin did not divulge details about his firm´s plans to get there. Michelin claims to be No. 4 in Asia, with a 5.5-percent market share. Overall, the company is seeking to increase its profitability to 10 percent of sales throughout the next five years, Michelin said, while increasing sales at least 2 percentage points above overall market growth.
Michelin aims to double sales in Asia
Letter
to the
Editor
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].