2007-10-12
Michelin to Create 1,000 New Jobs in Poland
Michelin Poland is to open a new tyre-making line, a logistics centre and production centre in Olsztyn.
The new complex came at a price tag of EUR 260m, and will create 1000 new jobs.
The new logistics centre has an area of 50,000m², and will serve production in Poland as well as in the rest of Europe and North America.
The investment was made possible by a lease of 82 hectares by the town of Olsztyn to the company in 2003. In 2005 a contract with the Polish government also led to further tax rebates for the company, as well as a PLN 60m aid package.
The company is also celebrating 40 years of production this year. The site was first used in 1967. Michelin took over the existing plant in 1995.
Source: www.tirereview.com
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