Michelin Hungária Abroncsgyártó

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Szabolcs-Szatmár-Bereg
Location of affected unit(s)
Nyíregyháza
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
217 jobs
Number of planned job creations
Job creation
Announcement Date
29 September 2005
Employment effect (start)
Foreseen end date
29 September 2005

Description

Michelin, Europe's biggest tyre maker, opened its new tyre factory in Nyíregyháza, Hungary. The factory will employ 217 workers to turn out 800,000 tyres a year. Local suppliers would provide 20% of the plant's orders. Michelin was set up in Nyíregyháza in 1996, with the purchase of Taurus, a maker of tractor tyres. In 2002, Michelin turned its Hungarian unit into a regional centre for Central and Eastern Europe. Michelin has plants in 75 countries. It controls 20.1% of the world's tyre market.

Sources

  • 30 September 2005: undefined

Citation

Eurofound (2005), Michelin Hungária Abroncsgyártó, Business expansion in Hungary, factsheet number 62366, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62366.