Tag: Michelin
Stapleton’s switching to a Michelin policy after successful trial
What brand of tyres does a tyre distributor use on its own fleet? In the case of Stapleton’s Tyre Services, the answer is Michelin. The company began trialling Michelin Agilis CrossClimate tyres across 25 Renault Master vans in March, and determined it could be clocking up an extra 20,000 miles per set compared to its existing policy.
Michelin Dundee closure: Scotland’s Economy Secretary convening action group
Scotland’s Finance and Economy Secretary, Derek Mackay, held urgent talks yesterday with trade unions and the management of Michelin Tyre Company Ltd. to discuss the future of the Dundee car tyre plant, following confirmation of Michelin’s intention to close the plant by 2020.
Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
An analyst report published by Jefferies International Limited has stated that the closure of Michelin’s Dundee plant “supports [the company’s] intent to accelerate cost savings during 2019-20.” Presenting its nine-month 2018 results in October, Michelin warned that demand had deflated in the car and truck markets and it was revising down its guidance; subsequently Michelin shares fell to a seven-year low.
Michelin closing Dundee tyre factory
Two months after the tyre manufacturer began a restructuring programme at its factory in Dundee, Michelin is set to close the plant at the cost of about 850 jobs. Michelin, which has run the Dundee site since 1971, says it plans to leave the city by 2020.
Michelin unveils Anakee Adventure, gains approval for BMW R 1250 GS
The new Michelin Anakee Adventure, which is due to go on sale in January 2019, has been type approved for fitment to the BMW R 1250 GS. According to Matthew Ye, senior vice-president worldwide for Michelin’s 2Wheel business line, the Anakee Adventure will “especially address the needs of those BMW Motorrad customers who essentially use their trail bike on ordinary roads but who occasionally like to indulge in a little off-roading.”
Were communications issues behind premium tyremakers share price drop?
Michelin’s predictions that market demand has been tough and will continue to be sluggish till at least the end of the year (see “Michelin predicts significant slowdown in car and truck tyre demand“ for further details) sent shockwaves through the financial markets. Shares started off bad, falling 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros. Ultimately, shares in tyre manufacturers dropped by as much as 10 per cent on the day (Friday 19th October 2018).
Michelin honours 5 partners at Supplier Awards
Five of Michelin’s best suppliers were recognised at the fourth edition of the tyre maker’s Supplier Awards, which was held yesterday at ‘Aventure Michelin’ in Clermont-Ferrand, France. The awards were presented to representatives of the winning companies by Jean-Dominique Senard, chief executive officer and managing general partner of the Michelin Group, and four members of the Group Executive Committee.
Michelin Supplier Award an honour – VMI
Amongst the companies recognised for exceptional contribution to the Michelin Group over the past years at a ceremony held yesterday evening at the museum Aventure Michelin in Clermont-Ferrand, France was VMI. Harm Voortman, VMI Group chief executive officer, received the award from Jean-Dominique Senard, chief executive of the Michelin Group.
Michelin investing in winter tyres, semi-finished products in Canada
Investments totalling CA$21 million (£12.3 million) will add 150 new jobs to the Michelin tyre factory in Nova Scotia, Canada and make permanent 200 temporary positions that were previously slated to end in 2020. The investments take the form of two new projects at Michelin’s Pictou County site – a new winter tyre line and the North American launch of a new process for semi-finished materials. These projects are valued at $9 million and $12 million respectively.
BOC adopts Michelin Effitrailer programme
Following a six-month trial, BOC, the largest supplier of industrial gases and medical gases in the UK, is to fit its entire bulk tractor and trailer fleet with Michelin’s Effitrailer system.
Tyre manufacturer share prices fall as demand loses pressure
Shares in tyre manufacturers dropped by as much as 9 per cent on Friday 19th October 2018, following Michelin reports that third quarter demand was down and that it was not expected to improve in the fourth quarter. Shares fell 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros.
Michelin predicts significant slowdown in car and truck tyre demand
While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.
MotoGP – an ongoing challenge
Michelin has produced a second video covering its engagement as MotoGP tyre supplier. The English-subtitled video follows on from the short film released at the end of the 2016 season, Michelin’s first as exclusive supplier following an eight-year hiatus, and takes a behind-the-scenes look at the French tyre firm’s latest achievements in the sport.
Shire Aggregates specifies Michelin X Works tyre after trial highlights savings
Shire Aggregates has specified Michelin tyres as original equipment across 12 new MAN 32-tonne 8x4 tippers and adopted a Michelin policy as standard for future tyre purchases. The decision came after a trial set of Michelin X Works tyres demonstrated potential savings of “more than £26,000 a year” in running costs, the company states.
Tructyre, ATS Euromaster merging heavy tyre businesses
When Michelin acquired truck tyre supplier and service provider Tructyre almost a year ago, it gained one of the UK’s most successful independent commercial vehicle tyre management groups. It now intends to evolve this asset into Britain’s largest national heavy tyre business by merging Tructyre with the heavy tyre operation currently belonging to ATS Euromaster.