Michelin buys land in Olsztyn

Tire producer Michelin has purchased land in Olsztyn that it has been leasing for ten years, for nearly PLN 50 million, the media reported. Piotr Grzymowicz, the mayor of Olsztyn and Jarosław Michalak, the director of Michelin's production plant in Olsztyn signed a notarial deed on Friday. The land encompasses 77 ha. Grzymowicz said that Michelin's decision proves its engagement to the city and makes its citizens "proud." Under the lease agreement signed in February 2005, Michelin had the option to purchase the land after 10 years.