Layoffs at Michelin Scottish plant
DUNDEE, Scotland-Michelin U.K. Ltd. will lay off approximately 90 workers at its passenger tire plant in Dundee early next year but said it is planning a ``significant investment'' in the facility in the next three to five years.
The tire maker will lay off about 10 percent of the 34-year-old factory's employees progressively starting Jan. 3, 2007, as the plant changes its shift working system to four teams from five, according to Ian Peart, personnel manager at the plant.
The change in team operations-and the subsequent lay-off announcement-was tied to a decision by parent Group Michelin to keep annual production at the factory at the 2006 level for the next three to five years.
Michelin to expand in Nova Scotia
BRIDGEWATER, Nova Scotia-Michelin North America (Canada) Inc. will spend $28.9 million through 2008 to expand capacity for steel cord at its Bridgewater plant to support expansions of truck and earthmover tire capacity at its Waterville, Nova Scotia, and Lexington, S.C., plants.
The Province of Nova Scotia will contribute $4 million toward the project, which will expand capacity 11 percent at the 35-year-old Bridgewater plant and create about 36 new jobs, Michelin said.
This investment is in addition to $80 million the company is spending at the Waterville plant to expand production of its X One-brand wide single truck tires there.
Cooper China project to open in '07
FINDLAY, Ohio-Cooper Tire & Rubber Co. expects its tire production joint venture in China with Taiwan's Kenda Rubber Industrial Co. Ltd. to come on stream by year-end or early in 2007.
Cooper expects to get 1 million to 2 million units in 2007 from the venture, in Kunshan, China, according to Philip Weaver, chief financial officer, speaking to analysts about Cooper's second quarter results.
The companies broke ground on the $200 million plant in July 2005, nearly two years after the project was announced. The factory originally was scheduled to come on stream by late 2005, according to the firms' statements in late 2003 when the venture was announced.
Cooper and Kenda are 50-50 partners in the venture, but Cooper will get the plant's entire output for the first five years of production.