Michelin to close plants in Germany

Michelin is to cease production at its Karlsruhe and Trier sites in Germany, as well as its new tyre and semi-finished products manufacturing plant in Homburg.

In a statement, Michelin cited the “growing competition” of budget truck tyres, and the “lack of competitiveness” of its German operations for its European and export markets, as the reason for this decision.

Michelin said it will also transfer the customer contact centre from Karlsruhe to Poland.

The French tyre maker expects these changes to be complete by the end of 2025, which will impact a total of 1,532 of its employees.

Michelin added that it will record a provision of approximately €425 million in its consolidated financial results for the year 2023.