Michelin India laid Foundation stone for its tyre plant in India

The foundation stone laying ceremony for the manufacturing facility of tyre major Michelin, was held near here on Saturday, Minister for Industries TRB Rajaa said. The plant located in neighbouring Tiruvallur district would be expanded at an investment of Rs 563.67 crore in the existing manufacturing facility of Michelin, to produce passenger car tyres.

"It gives us immense pride that a global industry leader like Michelin, with a 130-year legacy in shaping the tyre industry, has chosen to reinvest in Tamil Nadu. This decision is a testament to their faith in the State, and this government under the visionary Chief Minister M K Stalin," Rajaa said in a social media post, after taking part in the foundation stone laying ceremony.

The new facility would be among the company's best plants in the world, to be built on Industry 5.0 principles and advanced sustainability practices, incorporating Artificial Intelligence, robotics and automation to streamline production and enhance efficiency, he said.

Michelin is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental. In addition to the Michelin brand, it also owns the Kléber tyres company, Uniroyal-Goodrich Tire Company, SASCAR, Bookatable and Camso brands.