Michelin plans to save 1.4 billion U.S. dollars in operating costs through internal tightening and efficiency improvements in the next five years, that is, saving 6% of the total cost. According to Michelin's plan, sales and administrative expenses will be saved by 275 million to 415 million U.S. dollars, raw material costs will be lowered by 275 million U.S. dollars, and manufacturing and transportation will be reduced by 750 million to 835 million U.S. dollars by improving efficiency. The total cost of these three sectors in 2011 was 26 billion U.S. dollars.
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Ningbo Longyang Auto Products Co., Ltd. , https://www.zjlongyang-manufacturer.com
July 23, 2024