The Business Times
business-time-50

Tyre maker Michelin to invest 300 million euros in Thailand

google-preferred-sourceAdd BT as a preferred source
Published Fri, Mar 8, 2024 · 09:27 PM — Updated Fri, Mar 8, 2024 · 09:31 PM
    • Michelin has already invested more than 1 billion euros in Thailand with five plants and 8,000 workers, the government said in a statement issued during Prime Minister Srettha Thavisin’s visit to France.
    • Michelin has already invested more than 1 billion euros in Thailand with five plants and 8,000 workers, the government said in a statement issued during Prime Minister Srettha Thavisin’s visit to France. PHOTO: AFP

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THAILAND’S government said on Friday (Mar 8) French tyre maker Michelin planned to invest 300 million euros (S$436.8 million) in the South-east Asian country over the next three years to increase production capacity.

    Michelin has already invested more than 1 billion euros in Thailand with five plants and 8,000 workers, the government said in a statement issued during Prime Minister Srettha Thavisin’s visit to France, where he met with company executives.

    The government also said Europe’s biggest hotel group Accor was looking to expand its business in Thailand. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Michelin tyreThailand

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Heitsenrether, on how AI will impact the world, says: “The ability to connect with people (will not) go away with technology, especially in our business. It’s a business that’s about trust and relationships."

    From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    The guide price reflects a rate of about S$2,641 psf ppr, inclusive of the 7 per cent bonus floor area, according to marketing agent ETC.

    Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More