Michelin Considers New Investment in Eastern Europe, ZF Reports

Michelin & Cie., (ML) the world’s second- largest tire maker, may expand in eastern Europe, Ziarul Financiar reported today, citing Chief Executive Officer Michel Rollier.

The French tiremaker is considering investing in Hungary, Poland, Romania, Russia and Serbia and may open a plant in the region to supply the European market, the newspaper reported.

Michelin will consider energy prices, infrastructure and possible state aid from the local authorities before making a final investment decision, the Bucharest-based newspaper said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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