Michelin has opened the first phase of its new factory in Shenyang, China. The project is huge. Total investment is scheduled to be US$1500 million (1,500,000,000). It will make many kinds of tire, including the cars tires, light truck tires, truck and bus tires. Total capacity will be 12 million units/year. This is projected to
Cabot Corp is receiving royalties from Michelin. The revenues come from an exclusive licence to Michelin for Cabot’s liquid mixing technology. Cabot sells the technology into the non-tire sector as Transfinity. Cabot’s main product is carbon black. The licence covers all tire-related applications for the technology. The licence permits Michelin to build and operate factories
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