UPDATE 1-Michelin invests $513 mln in innovative truck tyre

Newswire

(Adds details from news conference, clarifies that production target in paragraph 4 is annual) By Marcel Michelson CLERMONT-FERRAND, France, Aug 31 (Reuters) - France's Michelin plans to invest 400 million euros ($512.7 million) in a new kind of truck tyre using so-called durable technologies, the world's largest tyre maker said on Thursday. Michelin designed the XDN 2 GRIP to enhance both the security and the life of the tyre and aims to use it to boost sales in a key market segment ...

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