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 are saved by 275 million to 415 million U.S. dollars, raw material costs are lowered by 275 million U.S. dollars, and manufacturing and transportation are reduced by 750 million to 835 million U.S. dollars depending on efficiency. The total cost of these three sectors in 2011 was 26 billion U.S. dollars.
NINGBO JINCHEN CRAFTS GIFTS CO.LT , https://www.jinchenlovecrafts.com