According to the French "Tribune" reported on February 14, 2011, the French tire group Michelin's main business profit in 2010 reached a record of 1.69 billion euros, an increase of four times than in 2009. Net profit exceeded 1 billion euros, compared with only 104 million euros in 2009. In 2009, due to the increase in the Group's capital, its own capital-liability ratio fell from 53% to 20% within one year. The person in charge of the group said on Friday that due to the development of the above-mentioned results, the business growth of Michelin will be guaranteed in the next 10 years.
The report said that the Michelin Group plans to increase its business volume by at least 6.5% in 2011, and its main business will continue to increase, and further strengthen investment. Michelin will invest 1 billion euros in China to build a new plant in mid-2012; the same year, it will complete the inauguration ceremony for two plants in India and Brazil.
Pressure Vessel Steel Plate refers to the carbon steel and low alloy steel plates used to manufacture pressure vessel shells.
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