Michelin buys Indonesian tyre manufacturer Multistrada

摘要

Michelin has agreed to buy 80 per cent of PT Multistrada Arah Sarana TBK, the Indonesia-based tyre manufacturer. With a production capacity of more than 180 thousand tons (which equates to 11 million passenger car tyres, 9 million two-wheel tyres and 250 thousand truck tyres), Multistrada generated net sales of US$281 million in 2017. Michelin says the acquisition will "strengthen its presence in the highly promising but local-production dominated Indonesian market" by acquiring the "very competitive local plant with good quality facilities and immediately available production capacity".