Michelin on the right track
Michelin has revealed plans to invest €250 (zł.999) million in expanding its plant in the northeastern Polish city of Olsztyn.
"We will start carrying out a €250 million investment agreement," Michelin Polska managing director Pierre Michallat said, adding that no further investments were planned at the moment.
Michallat denied earlier reports and statements from investment promotion officials that the investment would be around €500 (zł.1,998) million, possibly in several stages.
"I don't know where these figures of €500 million came from. For a certain time we have been talking about the value of this investment as €250 million," he said. Michallat added that further investment would depend on the success of the current project.
Poland also hopes to win a €700 (zł.2,800) million Eastern European plant planned by Korea's Hankook Tire and Japanese media say its Bridgestone tire maker is thinking of building a $500 (zł.1,534) million plant in Poland. (Reuters)
"We will start carrying out a €250 million investment agreement," Michelin Polska managing director Pierre Michallat said, adding that no further investments were planned at the moment.
Michallat denied earlier reports and statements from investment promotion officials that the investment would be around €500 (zł.1,998) million, possibly in several stages.
"I don't know where these figures of €500 million came from. For a certain time we have been talking about the value of this investment as €250 million," he said. Michallat added that further investment would depend on the success of the current project.
Poland also hopes to win a €700 (zł.2,800) million Eastern European plant planned by Korea's Hankook Tire and Japanese media say its Bridgestone tire maker is thinking of building a $500 (zł.1,534) million plant in Poland. (Reuters)
