Michelin to invest $300 million CAD in its three Nova Scotia facilities
Michelin, a leader in sustainability and innovation, today announced a $300 million CAD investment into its Canadian operations to accelerate sustainable mobility and improve its environmental footprint. The investment, part of Michelin’s global growth strategy, will see the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities to respond to market evolution. This includes manufacturing tires for the growing electric vehicle (EV) segment; larger rim size tires for passenger and light truck vehicles; as well as improved fuel efficiency for commercial trucks. In addition, the electrification of key parts of the manufacturing process will reduce carbon emissions at the plants.