Tag: Michelin
Michelin reducing 2019 dividend to €2
Michelin intends to reduce the dividend it pays shareholders for 2019. The tyre maker has outlined its decision, taken “in a commitment to optimally balance the interests of all its stakeholders”, to reduce the amount of the proposed dividend from the initially-announced 3.85 euros to 2 euros. Payment is scheduled for 3 July 2020.
Half a century of Michelin tyre making ends in Dundee
Michelin’s tyre plant in Dundee, Scotland has produced its last tyre. Although the facility wasn’t scheduled to close until mid-year, Michelin now says it won’t resume operations after the coronavirus crisis - indeed, it considers doing so “unviable and unwise”. The decision has been taken in agreement with the Unite union, and the company will pay plant workers all wages they’re entitled to through to the planned closure date.
Movin’On Summit cancelled
Michelin shares that the Movin’On team has cancelled this year’s World Summit on Sustainable Mobility, which was due to be held in Montreal on 3, 4 and 5 June 2020.
Michelin implements partial production shutdown in North America
It’s already decided to shutter production at some of its plants in Europe for at least a week, and Michelin has now begun a temporary, phased shutdown of some of its tyre production facilities in the United States and Canada as well. It has also “established appropriate contingency plans” for the weeks to come and will adjust its actions “as the situation evolves.”
Michelin temporarily closes some European factories, car tyre demand down 9%
Michelin has confirmed that it has decided to close its tyre production facilities “located in the European countries most affected” countries for at least one week. Tyres & Accessories understands this means Michelin’s factories in Italy (Cuneo and Alessandria), Spain (Lasarte, Vitoria, Aranda de Duero and Valladolid) and France (Cataroux, Les Gravanches, Le Puy-en-Velay, Roanne, Bourges, Montceau, Cholet, La Roche-sur-Yon, Golbey, Avallon, Montagny, Vannes, Joué-Lès-Tours and Troyes
Michelin wins back fuel tanker fleet policy within two years
Newton Abbot-based heating oil and fuel specialist Heltor has returned to a full Michelin tyre policy across its fleet of more than 50 commercial vehicles. Michelin states that the move comes less than two years after switching to a competing premium tyre brand. Following the move, Heltor closely monitored the performance of the new tyres against existing Michelin fitments within the fleet and was able to track the precise tyre cost per kilometre between the two brands.
Get a grip – Auto Bild Sportscar tests 10 tyres
Tyre choice is a “decisive factor” determining a vehicle’s dynamic qualities, comments Auto Bild Sportscars in the preamble to its latest comparative test.The performance motoring magazine stresses that this is particularly the case when choosing the right rubber for performance cars. We see this in its 2020 summer tyre test, in which Auto Bild Sportscars looks at ten size 245/35 R19 (front axle) and 265/35 R 19 (rear) tyres that cover a range of prices and performance levels.
The Tire Cologne: Cooper, Toyo no longer exhibiting
Representatives of Cooper Tires and Toyo Tires have respectively confirmed they’ll not exhibit at this year’s The Tire Cologne, as previously planned. Their decisions come as governments across Europe announce rigorous measures to delay the spread of coronavirus and reduce its impact wherever possible. Michelin announced its withdrawal as exhibitor last week.
Siemens partners in Michelin’s MaRCoPoLo upgrade
Michelin commissioned a test bed specifically for truck tyres at its Ladoux production site in France back in 2000, its Machine de Recherche en Comportement Poids-Lourd – or MaRCoPoLo, for short. When deciding to modernise this facility 16 years later, the tyre maker chose Siemens as a partner for updating the automation and process control […]
Michelin pulls out of The Tire Cologne
According to the latest information on its website, preparations for The Tire Cologne “are continuing as planned according to the current status for the determined date.” But the tyre trade show has been dealt a further blow in addition to restrictions on large gatherings that were announced yesterday. One of the largest names in the tyre industry has decided against exhibiting due to the risk posed by coronavirus.
Auto Zeitung tyre test: Win for Continental, price-performance recommendation for Maxxis
Auto Zeitung’s 2020 summer tyre test is one of the largest it has ever published. The German motoring magazine has looked at 20 brands of size 225/50 R17 94/98 W/Y tyres in an evaluation that covers premium to budget. The cheapest of the tyres on test can be had for around 230 euros (£200) a set; the most expensive cost more than twice as much. As you’d expect, the winners’ podium was dominated by premium products priced well above the average. The fourth-placed tyre is a different story.
Michelin renews Transaid membership, pledges £25k
Michelin has renewed its corporate membership of Transaid, the official charity of the transport and logistics industry. The tyre manufacturer, which was a founder member of the charity in 1998, also pledged to fundraise a further £25,000 in cycle challenge sponsorship during 2020.
Measuring tyre wear & pressure in one pass – Michelin Partners with HGV network AS 24
Michelin is teaming up with AS 24, the HGV service station network that fuel company Total runs in 28 countries across Europe, to launch a new automatic tyre inspection service – Fleet Diag 24. The partners will launch their diagnostic offer in March. The rollout begins in a small way, with Fleet Diag 24 initially offered at just three sites in France, however, we can expect to see it introduced at many more of the 986 AS 24 outlets in the UK and Europe.
Michelin wins Tire Manufacturer, Technology of the Year at TTI Awards
Michelin and VMI were the big winners at the Tire Technology International Awards for Innovation and Excellence. Tire Manufacturing Innovation of the Year was won by VMI for its Synchro Crown Drum, while Michelin sealed the Tire Technology and Tire Manufacturer of the Year double, the former in recognition of its airless tyre, Uptis. Tire Industry Supplier of the Year was Eastman, while Environmental Achievement of the Year was RubberJet Valley’s environmentally friendly High-Pressure Water Jet technology.
Michelin explains retail network brand simplification to motorcycle dealer partners
Michelin’s motorcycle partner dealers were given an in-depth market review and briefed on the business’s strategy for the year ahead at the annual Michelin Two-Wheel Conference.