Michelin: agreement with CFAO in Africa
(CercleFinance.com) - Michelin and CFAO have signed an agreement for the import and distribution of premium quality tyres in Kenya and Uganda in a joint venture that is 51%-owned by CFAO and 49%-owned by the Michelin, the latter announced in a statement towards lunchtime on Wednesday.
This will be jointly governed by CFAO and Michelin (equal parity).
Cette nouvelle entité opérera sur les 2 pays, qui totalisent plus de 90 millions d'habitants, distribuant des pneumatiques pour véhicules légers et camionnettes ainsi que des pneus poids lourds, deux-roues, génie civil et agricoles.
This new entity will operate in the two countries which have a total population of over 90 million people, distributing tyres for passenger cars and vans as well as tyres for HGVs, two-wheelers, civil engineering and agricultural vehicles.
In particular, the joint venture will rely on Michelin's historic partners in Kenya and Uganda.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This will be jointly governed by CFAO and Michelin (equal parity).
Cette nouvelle entité opérera sur les 2 pays, qui totalisent plus de 90 millions d'habitants, distribuant des pneumatiques pour véhicules légers et camionnettes ainsi que des pneus poids lourds, deux-roues, génie civil et agricoles.
This new entity will operate in the two countries which have a total population of over 90 million people, distributing tyres for passenger cars and vans as well as tyres for HGVs, two-wheelers, civil engineering and agricultural vehicles.
In particular, the joint venture will rely on Michelin's historic partners in Kenya and Uganda.
Copyright (c) 2018 CercleFinance.com. All rights reserved.