Tyre industry pioneers, Michelin has a long history. Having begun in 1889, Michelin is now the second-largest tyre manufacturer in the world after Bridgestone and larger than both Goodyear and Contineantal.
Michelin Connected Fleet has rolled out its “Smart Predictive Tire” solution to fleets in the UK. Smart Predictive Tire monitors pressure and wear, combining information from the Tyre Pressure Monitoring System (TPMS), drive-over tread reading technology and telematics data, with predictive algorithms to provide fleets with key insights.
The latest Brand Finance data shows that Michelin is “the world’s most valuable and strongest tyre brand” followed by Bridgestone in second and with Continental rounding off the podium. However, Far Eastern brand value is rocketing, with Giti the fastest-growing tyre brand in the ranking, following a 19 per cent brand value increase. Similarly, Sailun, Linglong Tire and Sentury Tire accelerates off the back of an overseas demand surge.
Michelin has named Matthew Cabe as president and chief executive officer of Michelin North America, effective 1 October 2024. He succeeds Alexis Garcin; Michelin says it will announce Garcin’s next position within Michelin “at a later date.”
Michelin held its Capital Markets Day yesterday at its Research & Development Headquarters in Clermont-Ferrand, France. The company reported achieving its 2023 targets and presented updated 2030 ambitions, including the aim to grow non-tyre activities to over 20 per cent of total revenue.
ViaMichelin is launching a redesigned website and mobile app to unite all of the Michelin Group’s expertise. This overhaul comes with the promise that these new interfaces will deliver an “unparalleled experience in terms of planning and travel” with a single click. Michelin even dares to call this update of ViaMichelin “a route revolution.”
Two years after announcing the H2 Central Valley Express project, USA-based zero-emission hydrogen mobility firm Symbio has unveiled a hydrogen-fuelled, regional-haul Class 8 truck. It developed and integrated this innovative vehicle in-house and has equipped it with EV-specific tyres from co-shareholder Michelin that offer improved fuel economy and reduced wear.
Four years after debuting its “Motion for life” global advertising campaign that “celebrated movement” through showcasing a broad range of products and services, Michelin is now “reasserting its innovative brand DNA.” And what better way to do this than with a new campaign. Michelin calls it “On the road and beyond!” UK consumers won’t experience this any time soon, however, with Michelin announcing the campaign’s imminent rollout in just a handful of countries.
The 14th GuangRao Rubber Tire and Automotive Accessory Exhibition (GRTAE) opened in Dongying City, GuangRao County, Shandong Province, China today. First impressions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.essions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.
Davydovo Tire Manufacturing Company LLC (Davydovo), the company formed after Michelin sold its Russian assets, is establishing a facility to process end-of-life tyres into crumb rubber. A key aim of this project is to reduce reliance upon imported products, and it has thus gained support from the Moscow Regional Government’s Industrial Development Fund.
Michelin recently confirmed plans to end truck tyre production at its Olsztyn factory in Poland and in Shenyang, China, as well as the shutdown of a semi-finished products metal reinforcement operation in Shanghai, China. Parallel to these planned closures, the company intends to invest in passenger car tyre capacities. In addition to expanding car tyre production at its Shanghai plant, Michelin says it will grow passenger car tyre capacities in both Olsztyn and Shenyang.
Following the news that the former Michelin Russia tyre factory will be producing tyres under the Farlight and Selna brands in futures, according to the Russian Tyre Manufacturers Association (TMA), the tyre manufacturing operation has rebranded as Davydovo Tire.
Publishing its latest tracker of premium European tyremakers financial fundamentals, financial analysts report that pricing is currently a headwind and raw materials a tailwind year-to-date, however, raw materials will shift to a headwind in the second-half of 2024.
Michelin has supplied original equipment tyres for all generations and evolutions of the Porsche Macan since its launch in 2014, and the latest version of the SUV is no exception. The tyre maker is proposing three tyre ranges for this strategic model, Porsche’s first all-electric SUV, a decision it calls a “show of confidence that bolsters Michelin in its position as a pioneer and as a preferred original equipment partner.”
Michelin Group has disclosed its financial results for the first quarter of 2024, reporting total sales amounting to €6,642 million. This figure marks a decline of 4.6 per cent compared to the corresponding period in the previous year. The decrease in sales can be attributed to various factors, including a decline in tyre volumes, driven by weaknesses in certain markets, including construction and agricultural tyres, as well as mining tyre inventory drawdowns.
Evolution in the design of loaders has led to a generation of machines that deliver significantly more load capacity, speed and transmission torque than their forebears. In order to adapt to the more powerful and sturdy vehicles operating in quarries, Michelin is offering a tyre suited to these changes – the Michelin Xtra Defend E4 L4.
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GTRAE