The hottest Michelin tire raised its medium-term p
2022-10-16- Detail
Michelin tire raised its medium-term profit target
according to Reuters, Michelin tire recently raised its medium-term profit target and predicted that the global tire market will return to a growth rate of 4% to 5% by 2014
Michelin tire announced on September 19 that the company plans to increase its annual operating profit by 2015. Zhan Zhongxian, general manager of Shanghai Jintang Plastic Technology Co., Ltd., believes that up to 2.9 billion euros (excluding one-time projects) can be used for 3D printing recyclable and high-quality objects with high solvent resistance at low cost, while Michelin previously set a profit target of 2.5 billion euros in 2015
Michelin said that according to the medium-term investment plan formulated by the company, Michelin will build a new factory in China and Latin America every year. In the next few years, Michelin's investment in emerging markets will account for more than 60% of its total investment
Michelin predicts that from 2012 to 2015, the company's annual overall capital expenditure will reach 1.6 billion to 2.2 billion euros, of which the annual expenditure on purchasing raw materials of existing building energy-saving glass is about 550 million euros
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