January 30, 2013 by Joey Wang
The French tire maker Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open its biggest factory in Shenyang, capital of Liaoning province. A company executive says it expects its business in the world’s top vehicle market to accelerate by two to three times in coming years.
September 8, 2011 by Joey Wang
French tire maker Michelin has become a strategic investor in Double Coin Holdings (Anhui) Warrior Tire Co Ltd, China Business News reported Sept 8.
In a statement released by Double Coin Holdings, Michelin Finance and Michelin China Invest Co Ltd will enlarge the company’s capital by 667 million yuan ($104.3 million), accounting for 40 percent stakes in the joint venture (JV). Double Coin will still be the largest shareholder.