Matthew Ye, president and CEO of Michelin Greater China & Mongolia, speaks during the 30th anniversary ceremony of Michelin Shenyang Tire Company Ltd. held in Shenyang, northeast China's Liaoning Province, Sept. 24, 2025. (Xinhua/Han He)
SHENYANG, Sept. 25 (Xinhua) -- Michelin's Shenyang plant -- the group's first factory in China -- has become its largest and most advanced high-end tire manufacturing base in the world, with cumulative investment since 2010 exceeding 12.5 billion yuan (about 1.76 billion U.S. dollars).
The figures were revealed on Wednesday at a ceremony marking the 30th anniversary of the plant, which was established as a joint venture in 1995 and introduced tire production lines to China.
"Michelin Shenyang is a vital milestone for Michelin in China. Over the past three decades, it has driven the transition from local manufacturing to global intelligent manufacturing, playing a key role in green transformation and talent development," said Matthew Ye, president and CEO of Michelin Greater China & Mongolia. "The plant's success vividly embodies the deep integration of the Michelin spirit with the Chinese market."
Benefiting from the market opportunities unleashed by China's expanding opening-up, Michelin has seized the chance to grow alongside the market. Key expansions include a new passenger car tire line with an annual capacity of 10 million units in 2010, an additional 6 million unit line in 2018, the installation of five silent tire production lines in 2019, and a 40-million-euro investment in 2024. This latest project, Golden Wing, will boost the plant's annual capacity to 17.1 million tires by 2025, with its 100-millionth passenger car tire set to be produced soon.
China's steady economic growth and its commitment to high-level opening-up provide fundamental confidence for foreign investors.
"The Chinese market remains one of the most dynamic and promising for Michelin globally, featuring not only a vast consumer base and a rapidly upgrading automotive industry, but also an increasingly robust supply chain and a continuously improving business environment," Ye said. "Michelin is consistently optimistic about and committed to China." ■
This photo taken on Sept. 24, 2025 shows the 30th anniversary ceremony of Michelin Shenyang Tire Company Ltd. in Shenyang, northeast China's Liaoning Province. (Xinhua/Han He)
This photo taken on Sept. 24, 2025 shows products on display at the 30th anniversary ceremony of Michelin Shenyang Tire Company Ltd. in Shenyang, northeast China's Liaoning Province. (Xinhua/Yu Yetong)
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