DUNDEE, Scotland (Nov. 18, 2011)—Michelin plans to invest nearly $80 million over six years at three plants in the United Kingdom—Ballymena, Northern Ireland, Stock-on-Trent, England and Dundee—to upgrade manufacturing capabilities and increase capacities.
The investment plan, to be supported by grants from the U.K. and Scottish governments, will help secure employment at all three plants, Michelin Tyre P.L.C. said, including the creation of 140 jobs at the 39-year-old Dundee passenger tire plant.
The package includes work already under way at Dundee on a building extension to house production equipment and at Stoke-on-Trent to convert a building to house production of the latest generation Michelin Remix truck tire retreading.
Michelin did not quantify the scope of the expansions.
The size of the grants, including Regional Selective Assistance funding from Scottish Enterprise, was not disclosed.
The plant in Dundee employs 700 and has a rated capacity of 24,800 units a day. The 42-year-old Ballymena truck tire factory employs 900 and is rated at 4,000 units daily.
Michelin phased out tire production at the Stoke plant in 2000 but kept the site open for truck tire retreading, tire mold and steel-cord production.