Michelin tires have announced that due to weak demand in the European market and increasingly fierce competition, the company plans to close its truck tire factory in Budapest, Hungary. The production of the Budapest plant will be transferred to Michelin's Karlsruhe and Homburg plants in Germany, the Olsztyn plant in Poland, and the Zalau plant in Romania. . “This decision reflects that it is no longer viable to continue operating this plant,†Michelin said. “Since the factory is located in the urban area, upgrading its competitiveness requires excessive upgrade costs.†After closing the Budapest plant, Michelin will continue to produce high-performance passenger tires at the Nyiregyhaza plant in Hungary. In addition, the company also has a logistics center in Vac, Hungary, serving the Central and Eastern European markets, and has a strategic raw material marketing department in Tuzser. News original title: Europe's weak demand, Michelin intends to close Hungarian truck tire plant Aluminum Epoxy Coated Foil is Aluminum Foil coated with epoxy lacquer.The frequently used color is yellow,some clients may use black color as well.Gold epoxy coated finstock is normally used in air conditioning.The coating helps in corrosion resistance.The aluminum foil used in coating is either alloy 8011 or alloy 1060,1050 or 1100.The lacquer can be coated on one side or two sides both and the weight of coating is depending on the thickness of the foil.If you choose our ready coil,MOQ can be one coil.Turst in harmony,we care what our clients care. Airfin 100 gold,Gold epoxy coated finstock, Gold epoxy coated finstock for air conditioning,Aluminum Epoxy Coated Foil Trumony Aluminum Limited , https://www.szaluminumsheets.com
Michelin also stated in the statement that the closure of the Budapest plant will cost 39 million euros (about US$54 million).