EMCC European Monitoring Centre on Change

Stomil Olsztyn

Company/Organisation:
Stomil Olsztyn

Geographic Location

Country: Poland
Region: Olsztynski; Warminsko-Mazurskie; Polnocny
Location of affected unit(s): Olsztyn

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Group: Michelin

Employment Effects

Announcement Date: 24-10-2004
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2006
Foreseen End Date: 30-06-2006
Planned Job Creation: 520

Additional Information

Michelin, the main shareholder of Stomil Olsztyn (producer of tyres), will invest in the Warmińsko-Mazurska Special Economic Zone. New investment of €239 million will include the expansion of the existing production facilities, building new production facilities and a new logistic centre. The Polish government announced that Stomil will benefit from a public help of €32.8 million. As of August 2006 Michelin has hired 400 of the planned 520 people.