By Denna Bowman
Michelin has announced details of a multi-million pound investment at its tyres factory in Dundee.
The tyres manufacturer revealed that more than 100 jobs have been created and hundreds more safeguarded at the plant with the help of a £5.25 million grant from the Scottish Government’s enterprise body.
First Minister Alex Salmond announced that Scottish Enterprise support has brought a share of a UK-wide investment package worth up to £50 million from Michelin into its Dundee operation.
The investment is earmarked to convert it to a “factory of the future” which will make the next generation of fuel-efficient tyre.
The first tranche of the money is already in place at the factory which now employs 860 people, including 24 apprentices. It will lead to the recruitment of 140 staff and the start of building works to install new equipment.
The commitment will also secure the future of Michelin’s on-site apprentice training centre which has trained hundreds for work in the Michelin factory and at other engineering firms in Tayside.
Eric Le Corre, managing director of Michelin UK, said: “The importance of this six-year investment plan is reinforced by the fact that both the UK and Scottish governments have agreed to support this initiative with grants and we look forward to working with them to re-establish the UK’s position as a major force in global manufacturing.”
Mr Salmond added: “This commitment to Dundee by Michelin is a resounding vote of confidence for the staff at the plant, who can now look forward with confidence to a bright future making the next generation of fuel-efficient tyres.
“Assisted by RSA (Regional Selective Assistance) funding from Scottish Enterprise, Michelin has already begun transforming the Dundee factory to enable the hundreds of fantastic, skilled workers here to remain at the cutting edge of their industry and help the worldwide drive to the low-carbon economy.”