The world’s renowned tire producer Michelin added 300 million euros (approximately 2.18 billion yuan) in 2017 to expand the tire plant in Shenyang, Liaoning province.
Last Sept., Shenyang government held a coordinating meeting to solve some key production enterprises’ problems during the production, operation and project construction.
Heads of Michelin Shenyang Tire Co., Ltd., Shenyang Heping Radial Tire Manufacturing Co., Ltd., and Bridgetone (Shenyang) Tire Co., Ltd. attended the meeting.
Their difficulties include the environment conditions of corporate operation, supply of essential productive factors, fulfillment of preferential policies, and historical problems in the reform of the producer.
Jiang Yangwei, mayor of Shenyang, promises to take efforts and solve the problems.
Over the past few years, Michelin has increased its investment in the tire plant in Shenyang.
The new tire project is expected to produce 6 million high-performance radial tires annually.
Established in 1995, Michelin’s Shenyang base is the tire producer’s largest tire production base in China. As of 2017, its annual capacity is 1.8 million truck and bus tires and 10 million passenger car tires.
The tire producer also plans to build retread (truck and bus tire) production line with annual capacity of 295,000 cover tires.
