Michelin becomes ‘sole supplier’ to footwear market

Michelin will markedly increase its activities in the footwear sector following the signing of an agreement with Chinese textile firm the Jihua Group on 26 November. The alliance created by the deal signed at the French tyre maker’s Clermont-Ferrand headquarters aims, in Michelin’s words, to “grab a major share of the world high-performance soles and technical footwear market.”

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