Michelin Tire announced on June 12, 2013 that it will terminate its production operations in Colombia, and the previous day the company had just announced plans to close a truck tire factory in France and sell the Algerian heavy truck tire business.

Michelin said in a statement: "Since more than 10 years ago, the company has suffered huge losses in Colombia, even if the investment is quite low, it has not been able to reverse the trend. Therefore, Michelin decided to terminate the manufacturing business of the local subsidiary Icollantas."

Michelin will close its two factories in Colombia this summer. The truck tire factory in Chusaca has 220 employees, while the factory in Cali has 240 employees. The latter produces Michelin passenger tires and BFGoodrich. Tires.

A Michelin spokeswoman declined to provide detailed information on the company’s level of loss in Colombia. Michelin said it will continue to sell tires in Colombia and plans to expand its local sales force.

In order to ease the overcapacity in the European region, Michelin recently announced that by the first half of 2015 it will terminate the production of heavy-duty truck tires at the Joue-les-Tours plant in France and cut 730 employees from the factory's 930 employees. In addition, the company plans to sell its heavy truck tire business in Algeria.

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