Michelininvests EUR 60 mln in Hungary-paper

Newswire

BUDAPEST, April 29 (Reuters) - The Hungarian arm of French tyre maker Michelin will invest 60 million euros to expand its plant in Nyiregyhaza, east Hungary, daily Nepszabadsag said citing Economy Minister Istvan Csillag. The Hungarian unit -- Michelin Hungaria Abroncsgyarto Kft -- has so far produced tyres only for trucks and tractors, but the new production line will manufacture tyres for cars. The investment is scheduled to start in the summer, while the production should kick off in ...

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