From Tire Review
            
Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open a new factory in Shenyang, the capital of Liaoning province.
 
A company executive told the China Daily that Michelin expects its business in China to accelerate by two to three times in coming years.
 
"As the largest auto market with solid and stable growth worldwide, the Chinese tire market is enjoying steady development,” said Jean-Dominique Senard, president of Michelin Group. “Amid such growth, energy conservation and environmental protection have become new trends and considerations for the automotive and related industries. That’s why we have placed heavy investment on having a new factory in Shenyang, which will primarily produce high-performance, green tires with our group’s latest leading technologies."
 
The new factory, the largest Michelin plant in the world, has an annual production capacity of more than 12 million tires for cars, trucks and buses.
 
"We have seen the increasing demand for green tires from discerning Chinese customers, which reflects a supply shortage for our tires last year," said Philippe Verneuil, president of Michelin China.