Michelin Polska
From Wikipedia, the free encyclopedia
Michelin Polska (named Stomil Olsztyn until 2005)[1] is a tyre manufacturer based in Olsztyn, Poland. The company came into existence when the tyre plant OZOS „Stomil”, founded in 1967, was privatized in 1992. In 1995, Michelin acquired the majority share in Stomil.[2] From 1995 to May 28, 2004, Stomil was quoted at the Warsaw Stock Exchange. In 2005, Michelin gained full control of Stomil and renamed it to 'Michelin Polska S.A.'.[1]
Company type | Joint stock company |
|---|---|
| Industry | tyres |
| Founded | 1992 |
| Headquarters | , Poland |
| Revenue | 1,152,000,000 euro (2018)  |
| 40,300,000 euro (2018) | |
Number of employees | 4500 (2017)[citation needed] |
In 2024, Michelin Polska announced its decision to shut down its truck tyre manufacturing plant in Olsztyn, with production being relocated to Romania. The decision was attributed to high production costs.[3]