Michelin has invested US$3.1B+ to grow North American manufacturing capacity since 2011
June 29, 2016 by Manufacturing AUTOMATION
Jun. 29, 2016 – In a statement released this week, Michelin North America says it has invested more than US$3.1 billion since 2011 on manufacturing capacity and infrastructure and other developments in support of its sustainable growth strategies.
“Michelin has invested billions of dollars and created tens of thousands of jobs since arriving in North America more than 40 years ago,” said Pete Selleck, chairman and president of Michelin North America, the Greenville, S.C.-based regional unit of Michelin Group. “Michelin North America’s long-term business priorities will remain focused on investments in manufacturing and operations infrastructure, as well as the people of Michelin who drive innovation. Their ingenuity and work ethic are responsible for many of the technology innovations that have transformed the tire industry, resulting in better mobility for all.”
In Canada, Michelin has pumped more than $302.8 million over the past five years across its three manufacturing sites. It has also introduced the X-Ice Xi3 winter tire in addition to in-country launches of Michelin’s Defender and Premier lines, as well as BFGoodrich’s KO2, Comp2 A/S and Rival tires. For heavy trucks, the manufacturer launched production of the Michelin X One wide-single tire, introduced new tires under the Uniroyal and BFGoodrich brands, and also launched a portfolio of services for fleets and operators.
As well, Michelin has invested $2.8 billion in the United States, and nearly $43 million at its co-located facilities in Queretaro, Mexico.