French tire maker Michelin managing partner, He Ye (MichelRollier) said: "We plan in the next few years China, Brazil and India and other emerging markets to invest 1.6 billion euros (2.26 billion), because we in the place to see a huge potential for development. "

    Michelin executives said the next three years, China will become the company's investment in major markets, the company plans to expand production capacity in China, and continue to enhance its R & D capability in China.

    He Ye said, "As China and Shenyang in business development, we need to be relocated and the new plant. Now, we have decided to Shenyang City, Liaoning Province, the factory invested 13-14 million U.S. dollars, in order to improve the production facilities."

    It is reported that the new plant is expected to be completed within the next three years, will be responsible for truck and passenger car tire production to meet growing demand in China. The company said the new project is still in the initial stage. At present, the company did not disclose more information.

    Recently, Michelin Group, announced that the Group has double the money and the Shanghai Huayi Group Co., Ltd. signed a memorandum of understanding to jointly establish a joint venture for the Chinese market and sales of sedans and light trucks back of the tires. Joint venture 40% owned by Michelin, the Chinese side holds 60% and factory is located in Wuwei County in Anhui Province.

    Currently, Michelin has four factories in China, and sales network throughout the country.