UPDATE 1-Michelin to close BFGoodrich tire plant in US by the end of 2028

RAYTHEON TECHNOLOGIES CORPORATION

RAYTHEON TECHNOLOGIES CORPORATION

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Adds details about the plan in paragraph 2-5

June 25 (Reuters) - Michelin MICP.PA plans to gradually shut down its BFGoodrich tire plant in Tuscaloosa, in the U.S. state of Alabama, in phases from early 2027, the company said on Thursday.

The plant employs 1,200 people.

The tire maker expects to conclude the plant closure by the end of 2028.

Nearly all the production for BFGoodrich tires will shift to Michelin's plant in Fort Wayne, Indiana, the company said in a statement.

Michelin also said it will record a provision of around €220 million ($250.38 million) in non-recurring expenses in its consolidated financial results for 2026.

It did not say whether the provision was due to the Alabama plant closure and did not say whether workers would be offered jobs elsewhere.

($1 = 0.8787 euros)


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