UPDATE 1-Michelin scraps Mexico plant plan due slowdown


(Adds details) By Marcel Michelson PARIS, Aug 29 (Reuters) - Michelin of France, one of the largest tyre makers in the world vying for leadership with Bridgestone , scrapped plans for a second plant in Mexico on Friday due to slow demand in north America. The family-controlled group based in Clermont-Ferrand, central France, had already embarked upon a cost savings programme to offset slowing economies, lower dollar prices and a rise in the cost of rubber and steel. The group's ...

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