So I came across an in-depth report about the expansion of their Chinese factory. Unless Google translate is wrong, it even discusses their tax payments.
"The Michelin Shenyang 6 million high-performance radial tire factory expansion project has a total construction area of about 95,000 square meters and a total project investment of 300 million euros"
Michelin spent 328 million USD for this additional output of 6 million tires.
In comparison, Nokian spent 360 million USD for their American factory with an output of 4 million a tires a year.
Some highlights:
-The production capacity of Michelin Shenyang Tire Co., Ltd. has increased to 10 million cars per year and 1.8 million trucks and buses per year.
-By 2017, the company's total output value has successfully exceeded 4.57 billion yuan
($650 million USD) and the total tax payment has reached 170 million yuan
($24.5 million USD).
-This expansion mainly includes the expansion of car tires and the expansion of mixers , and the adjustment and expansion of some public works and storage and transportation projects. After completion, it is estimated that the new output value will be about 2.5 billion yuan
($361 million USD), increasing the existing output value by more than 50%.
Link to a translated version of the report if anyone else is interested. It also talks about the construction with some photos. There will be a pop-up asking you to register but you can get rid of it by clicking the "X" on the top right corner and then it'll let you view it:
https://zhuanlan-zhihu-com.translat...=zh-CN&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp