Michelin to close truck tyre plant in Budapest

Newswire

PARIS, May 6 (Reuters) - French tyremaker Michelin said it plans to close its truck tyre plant in Budapest in response to adverse trends and aggressive competition in the European market. "The decision reflects the fact that extending the facility is no longer possible, due to its location in an urban setting, and that improving its competitiveness would require excessive upgrading with new equipment," Michelin said in a statement. Michelin said it would book a ...

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