The Michelin Group and the Tamil Nadu Government have signed a memorandum of understanding (MoU) for Michelin’s tyre manufacturing plant 50 km north of Chennai at Thervoy Kandigai in Thiruvallur district. With a committed investment of Rs. 4,000 crores, the plant will cover an area of 290 acres and will absorb 1,500 workers locally.
The MoU was signed by the Michelin management and the Tamil Nadu Government in the presence of the Chief Minister, Mr. M. Karunanidhi.
At the signing ceremony, Mr. Prashant Prabhu, President, Michelin Africa-India-Middle East, said: “I would like to express my deepest gratitude to the Tamil Nadu Government for offering Michelin a gateway to this State and providing the project with the necessary infrastructure to commence operations here. It is also an honor for Michelin to be able to contribute towards the economic development of the State. With the accelerating development of road and highways infrastructure and the number of ongoing road development projects, India is on course to offer customers the opportunity to extract the full value from radial tyres”.
The new manufacturing facility which will focus on a range of radial truck/bus tyres will start operations in 2012.
Commenting on the occasion, Mr. Philippe Neyrat, Commercial Director, Michelin India, said: “We are committed to strengthening our presence in India and growing our business. The announcement of this plant is a major step towards achieving that objective as it augments our capability to cater to our customers with our world-class, best-engineered quality products. An increase in the focus of the Government to build better roads to support the challenges of mobility of people and goods in India will result in an ever-increasing demand for radial truck/bus tyres”.
From Europe to the Americas to Asia, every Michelin manufacturing plant around the world follows the same uncompromising code of quality. The company is indeed a major player in the area of better mobility and is known for its innovative approach.
