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CAPACITY INCREASE IN MICHELIN’S STEEL-CORD FACTORY IN ZALAU

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- 60 million euros invested in the Michelin Zalau Steel-Cord plant

- 140 new jobs to be created

- 50% increase of steel cord production

The Michelin Group is investing 60 million Euros in its Steel-Cord factory in Zalau to increase the production capacity by 50% until 2019, the companu informs în a press release sent to ACTMedia. Thanks to the investment project, 140 new jobs will be created and the production will increase to reach 60.000 Tons of steel cord per year by 2019.

The Michelin Steel-Cord factory in Zalau is a strategic unit for the Group producing wire rope and metal assemblies, all of them vital components in the production of tires. With more than 90% of the production of the steel cord being exported, the Michelin Steel-Cord factory in Zalau contributes to the production of tires in a wide variety of Michelin plants on 3 continents, Europe, America and Asia.

“Over the years, the Steel-Cord factory played an important role in the growth strategy of the Michelin Group and the very good results supported by a steady progress, great agility and the teams’ expertise have earned the trust of the Group to take on new innovative projects.” said Sean Parry, Director of the Michelin Industrial Platform in Zalau.

The plant’s mission is to produce innovative metal cables for Michelin’s tires product line, ensuring quality products, in compliance with international standards at a competitive cost, contributing therefore to the Group’s growth.

“Thanks to the commitment of the entire team, with this project, the plant will support even better the Group growth ambitions by providing steel cord to key Michelin factories around the world. I am glad that this project will create new jobs and will contribute to the community development in Zalau.” said Sean Parry, Director of the Industrial Platform Michelin Zalau.

The Michelin Group

Michelin, the leading tire company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve the mobility industry. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has 111,700 employees and operates 68 production facilities in 17 countries which together produced 184 million tires in 2015.

Michelin in Romania

Michelin Group has started its industrial activity in Romania in August 2001, investing more than 400 million euros over the years in plant modernisation. Currently, Michelin Romania has about 3,300 employees, three factories, two in Zalau and one in Flore?ti, a commercial network and a Center of Excellence and Shared Services, which provides support services to various entities Michelin in Europe. Also, the commercial activities of the Group for Central and Eastern Europe are coordinated from Bucharest (12 countries).

Michelin Steel Cord Production Unit in Zalau

Michelin Zalau Steel-Cord was built as green-field investment by the company in 2003-2004. The factory provides steel cord, one of the most important components of the tire carcass for factories producing truck and passenger tires worldwide. Number of employees today: 350

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