Stomil Olsztyn was a tyre

Tire

A tire or tyre is a ring-shaped covering that fits around a wheel rim to protect it and enable better vehicle performance by providing a flexible cushion that absorbs shock while keeping the wheel in close contact with the ground...

 manufacturer based in Olsztyn

Olsztyn

Olsztyn is a city in northeastern Poland, on the Łyna River. Olsztyn has been the capital of the Warmian-Masurian Voivodeship since 1999. It was previously in the Olsztyn Voivodeship...

, Poland

Poland

Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

. The company came into existence when the tyre plant OZOS „Stomil”, founded in 1967, was privatized in 1992. In 1995 Michelin

Michelin

Michelin is a tyre manufacturer based in Clermont-Ferrand in the Auvergne région of France. It is one of the two largest tyre manufacturers in the world along with Bridgestone. In addition to the Michelin brand, it also owns the BFGoodrich, Kleber, Riken, Kormoran and Uniroyal tyre brands...

 acquired the majority share in Stomil. From 1995 to May 28, 2004 Stomil was quoted at the Warsaw Stock Exchange

Warsaw Stock Exchange

The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...

. In 2005 Michelin gained full control of Stomil and renamed it to Michelin Polska S.A.. With roughly 4,000 employees Michelin Polska is one of the largest Michelin plants and the largest tyre plant in Poland.