Tag: Jean-Dominique Senard

Michelin boss: Most drivers don’t need winter tyres

Tuesday 21st November 2017 | 0 Comments

Winter tyres have always been something of a non-issue with most British motorists, but for years our counterparts in Germany have diligently switched from summer to winter rubber every autumn and then back again in the spring. The head of Michelin considers this largely unnecessary.

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Michelin: Sales up 7.5% in H1 2017

Michelin: Sales up 7.5% in H1 2017

Thursday 27th July 2017 | 0 Comments

During the first half of the year, Michelin increased both sales and net income on the back of higher volumes. Net sales were up 7.5 per cent to 11.1 billion euros in the six months to 30 June, and while operating income declined 0.8 per cent year-on-year to 1.4 billion euros (with the margin down 1.1 per cent to 12.6 per cent), the tyre maker described this result as “stable and in line with the Group’s roadmap.” Net income rose 12.2 per cent to 863 million euros.

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Michelin publishes 2016 financial information

Wednesday 15th February 2017 | 0 Comments

Michelin reports having met its financial objectives in 2016 and its chief executive officer considers the year “a successful milestone in our strategic roadmap.” The tyre maker’s sales volumes increased 2.1 per cent during the year, outperforming the market, and an increase in operating and net income was also recorded.

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Michelin proceeding as planned with Mexico factory

Wednesday 11th January 2017 | 0 Comments

Mexico still plays a role in Michelin’s future plans. Following Donald Trump’s comments on cross-border import duties and Ford’s decision to scrap plans for a new US$1.6 billion factory in the country, Michelin chief executive officer Jean-Dominique Senard has given his reassurance that the tyre maker hasn’t got cold feet.

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North American launch for Michelin Pilot Sport 4 S

North American launch for Michelin Pilot Sport 4 S

Tuesday 10th January 2017 | 0 Comments

European customers can purchase the Michelin Pilot Sport 4 S as of this month, and the successor to the Pilot Super Sport will also be launched in other global markets. The tyre enjoyed its North American debut today at the NAIAS, or North American International Auto Show, in Detroit.

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Michelin Challenge Bibendum becomes Movin’on – name change a “call to action”

Michelin Challenge Bibendum becomes Movin’on – name change a “call to action”

Friday 16th December 2016 | 0 Comments

Not only has Michelin announced the location of its next Challenge Bibendum – the French manufacturer has given the event a new name: Movin’on. Three years after the last Michelin Challenge Bibendum sustainable mobility get-together in Chengdu, China, Movin’on heads next June to Montreal, Canada.

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‘A tool to accelerate our innovation process’ – Michelin opens RDI Campus in France

‘A tool to accelerate our innovation process’ – Michelin opens RDI Campus in France

Thursday 17th November 2016 | 0 Comments

After a ten-month construction period and with surprisingly little fanfare, on 16 September Michelin opened ‘Urbalad’, its new RDI (Research, Development, Innovation) Campus in the presence of group employees, partners and French Prime Minister, Manuel Valls. Urbalad was built with an investment of €270 million and is expected to, the tyre maker states, “open up a new era for the company.”

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Michelin reaffirms opposition to 3mm replacement

Thursday 29th September 2016 | 0 Comments

While some manufacturers lobby for tyres to be replaced at 3 or even 4 mm, Michelin maintains that the current legal limit of 1.6 mm is “perfectly suited” to modern motoring and has reaffirmed its opposition to a change in the legislation. Indeed, during the course of the Paris Motor Show, Michelin’s top executives will be making this argument with journalists, OEMs and of course the public.

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Michelin opening new R&D facility

Michelin opening new R&D facility

Wednesday 14th September 2016 | 0 Comments

On Friday, Michelin will officially inaugurate its new research and development centre in Ladoux, France. The tyre maker laid the foundation stone for the facility in December 2013 and is investing approximately €280 million in erecting a state-of-the-art, 67,000 square metre building and, from 2018, employing 1,700 new engineers and technicians.

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Michelin breaks ground on Mexico tyre plant

Michelin breaks ground on Mexico tyre plant

Tuesday 23rd August 2016 | 0 Comments

Ground was broken and the first stone set in place for the new Michelin plant in Mexico at a ceremony held yesterday and attended by government dignitaries, key customers and company management. Construction of the plant in León – Michelin’s 69th factory globally and 21st in North America – is expected to begin immediately, with completion currently scheduled for late 2018.

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Michelin delivers “strong business performance” in H1 2016

Tuesday 26th July 2016 | 0 Comments

Although its net sales declined 2.0 per cent in the first half of 2016, Michelin increased its profitability in the six months to 30 June. Net sales defied a 2.5 per cent rise in volumes and were lower at €10.29 billion, while operating income increased 11.3 per cent to €1.41 billion and the operating margin grew from 12.0 to 13.7 per cent. Net income was up 8.8 per cent year-on-year to €769 million.

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Michelin confirms Mexico factory plans

Monday 4th July 2016 | 0 Comments

Rumours and reports circulating since April about Michelin intention to build a new Michelin tyre factory in Mexico were confirmed on 4 July when the French company issued news of its plans to build a facility for producing high-end car and light truck tyres there. Michelin says construction of the 142,000 square metre, €450 million factory in León, Guanajuato state will begin in the second half of this year, with tyre production expected to commence in the fourth quarter of 2018. An annual output of 4 to 5 million tyres is planned for the initial production phase, and the León plant will be gradually ramped up.

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Michelin cancels 265,570 treasury shares

Wednesday 23rd December 2015 | 0 Comments

Pursuant to the decision made by CEO Jean-Dominique Senard on 21 December 2015 and the ninth resolution of the company’s 2015 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 265,570 treasury shares, an amount representing 0.15 per cent of the total shares outstanding. The effective date of the resulting capital reduction is 28 December 2015.

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Michelin cancelling 4.7 million treasury shares

Wednesday 16th December 2015 | 0 Comments

Compagnie Générale des Etablissements Michelin intends to cancel 4,695,964 of its treasury shares, a figure that represents 2.5 per cent of the total shares outstanding. This course of action is being undertaken based on the decision made by chief executive officer Jean-Dominique Senard on 11 December and the ninth resolution reached at the company’s 2015 Shareholders Meeting on 22 May.

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Michelin aims to be a “major metal 3D printing player” with Fives JV

Michelin aims to be a “major metal 3D printing player” with Fives JV

Thursday 10th September 2015 | 0 Comments

An agreement signed on 4 September marks Michelin’s initial step towards becoming a well-known name in the metal 3D printing sector. The Michelin Group and the Fives Group are joining forces to create Fives Michelin Additive Solutions, a 50/50 joint venture partnership that aims to become a “major metal 3D printing player.” Fives Michelin Additive Solutions will be located near Michelin’s headquarters in Clermont Ferrand, France and initially employ around 20 people from both partners. At least €25 million will be invested into this new joint venture over the first three years.

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