GREENVILLE, S.C. (Jan. 27, 2005) — Michelin North America Inc. lost about 320,000 tires in a fire at a Laurens, S.C., distribution center earlier this month.
The Laurens warehouse is owned by Lexington Acquiport and leased by TNT Logistics North America, which provides logistics support for Michelin. The Jan. 13 fire was sparked by a tornado.
Michelin said the loss of tires is only a fraction of 1 percent of the tire maker's tire unit sales in North America, and the company is drawing on its domestic and global supply chains to fill orders. Michelin added its financial loss is negligible since TNT carried insurance on the building and property.