Michelin to spend PLN 413m on Olsztyn plant modernization by 2018
April 15, 2014
French tire manufacturer Michelin will invest ca. PLN 413 million in the modernization of its farm tires production plant in Olsztyn, northern Poland, deputy Prime Minister Janusz Piechocinski said on Monday.
Michelin received aid from the Polish government amounting to 8% of the value of the investment, Piechocinski also said.
Michelin currently employs over 4,000 workers in Olsztyn and the modernization is expected to create another 50 jobs.
Construction and installation of new production lines will last until 2018.