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BRIEF-Michelin to book 75 mln eur charge for Indian earthmover plant
November 3, 2015 / 12:38 PM / 2 years ago

BRIEF-Michelin to book 75 mln eur charge for Indian earthmover plant

Nov 3 (Reuters) - Michelin

* Due to market trends, Michelin confirms suspension of its earthmover tire facility project in India

* In 2015 it will recognize a non-recurring impairment loss of around 75 million euros on the project’s related assets and capitalized process engineering costs. Source text for Eikon: Further company coverage: (Reporting by Paris Newsroom)

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