Michelin intends to resume export of tires for Iran

According to the "Wall Street Journal" report, as the international community gradually eases trade sanctions against Iran, French Mickey Wheel tires recently said that the company is considering the restoration of tire export business to this market.

In early February 2014, executives from more than 100 companies in France visited Tehran to discuss the possibility of resuming normal trade relations with Iran. Michelin tires also participated in the event.

Jean-Dominique Senard, Michelin's chairman of the board of directors, said that the company respects the international community’s embargo regulations on Iran, but hopes to gain more understanding of the country’s current situation.

Iran is the largest market for Michelin in the Middle East, but with the international community cutting off trade with the country due to the Iranian nuclear issue, Michelin also gradually terminated the tire export business in this market in 2011.

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