More open to the world and to each of you.
Being a major player of mobility implies improving it constantly, contributing to making it more efficient, safer, energy efficient and more comfortable. Also more universal, accessible, affordable and meeting each and everyone’s needs and expectations, all over the world.
Once again this year, we have worked to offer you a better way forward. We have broadened and specialized our tire ranges. Whether you are a cyclist, a mine operator or an airline company, you will find a MICHELIN tire meeting your needs. We have also expanded our services; available in an increasing number of countries. The most well-known of them, the MICHELIN Guide, covers 4 new major cities, and is now available for 28 worldwide destinations.
The many awards received again this year recognizing our efforts in sustainable mobility show that we are heading in the right direction. But there is still a long way to go, and in this activity like in all of our activities, our ambition is not to follow the trend but to initiate it. What less can be expected from a leader?
It can only happen thanks to innovation. Innovation that should be more collaborative, more open to ideas and expertise from other industries. Our future is built on innovation as innovation alone will help us find a better way forward, together.
Success for the non-dilutive convertible bond issue from Michelin
Michelin successfully proceeded with the placement of a non-dilutive convertible bond maturing in 2022 for a nominal sum of USD 500 million. The bonds, only redeemable in cash, will not involve the issue of new shares or the delivery of existing Michelin shares.
MICHELIN X® GUARD™: the sun rises in the East
Asian markets are asking for high performance and solid tires. In one word: premium, but at competitive prices because of the strong local competition. To solve this difficult equation, we are today offering Chinese and Indian carriers the MICHELIN X® GUARD™ tire range for trucks which takes advantage of all the latest technological innovations, like 3D printing.
Acquisition of Restaurantes.com: Easy to book a table in Spain
In January 2016, Michelin had already established its European leadership of online restaurant reservations with the purchase of Bookatable, based in London. Today we are strengthening this position with the acquisition of Restaurantes.com, market leader in Spain: 5,000 restaurants and 700,000 covers reserved in 2015.
Kubota: Michelin tires for the Japanese tractor manufacturer
Since 2013, the Japanese manufacturer Kubota has had a factory in northern France capable of producing 3,000 tractors a year. It has just awarded Michelin the title of “supplier of excellence” which highlights the quality of collaboration between our two teams.
Capital reduction and share buyback
Compagnie Générale des Etablissements Michelin continued its share buyback program in 2016, with the acquisition of Group shares for €301 million over the year. The 3,347,040 treasury shares, representing 1.8% of the capital, were canceled as of 15th December 2016.
Michelin Challenge Bibendum: from ambition to action!
In twenty years and twelve editions, Michelin Challenge Bibendum has become the world summit for sustainable mobility, celebrated as such by the entire transport sector. For its 13th edition, it is becoming Movin’on and will be held from June 13-15, 2017 in Montreal, the great Canadian metropolis, a pioneer in sustainable urban mobility, host city and partner to the event.
MotoGP™: the comeback!
After 7 years away, an eternity at this level of competition, Michelin made its MotoGPTM comeback in 2016. Our teams worked their socks off to provide drivers with an ultra high performance tire and win back their confidence. This great human adventure had a fantastic outcome on the 1st Grand Prix of the season in Losail (Qatar) with a new record race lap.
Circular economy: perfect circles for Michelin
The principle of the circular economy feeds our strategy for sustainable growth. This is what we call the 4R approach: Reduce, Reuse, Recycle and Renew, which applies to all our products and services. This approach was recognized by the ADEME (the French Agency for the Environment and Energy Management) with the Grand Prize in Circular Economy.
MICHELIN POWER squares up
Launched in spring 2016, the new MICHELIN POWER high performance range for road bikes boasts the latest technological advances. It dazzles with unequaled performance. Since then, it has been joined by a new tire, the MICHELIN POWER All Season, capable of coping with all weather conditions.
Adaptable pressure: a gold medal
Farmers need tires that perform as well in the field as they do on the road. Thanks to our 2-in-1 technology, it is now easy to adapt the pressure and therefore the tread of the tire on the ground. An invention rewarded with a gold medal for innovation at the 2017 International Trade Fair for Agricultural Machines, in Paris.
COP22: Michelin’s determination
A pioneer of sustainable mobility with the creation of the first low-consumption tire in 1992, Michelin has already contributed a great deal to Paris’ COP21 transport commitment. COP22 in Marrakesh was for us an opportunity to reaffirm our motivation for more efficient and eco-friendly mobility and our determination to translate this into concrete actions today.
Michelin recognized for its climate actions
Every year CDP, a non-profit organization, assesses the environmental performance of thousands of companies, noting the best performances in the reduction of CO2 emissions, and the management of risks and opportunities associated with climate change. For the first time, tire manufacturers appeared on the Climate A List in 2016: Michelin and Yokohama.
MICHELIN XDR3: a mine of innovation
Mines are a particularly hostile environment, especially for tires. The new MICHELIN XDR3 pushes the boundaries of what a tire can withstand thanks to innovations in its structure and tread. It is available in made with 4four different types of rubber to adapt to the types of mines operated.
MICHELIN Power RS: competition quality available to all bikers
Inspired by competition tires, the new MICHELIN Power RS motorbike range is for all bikes, from 300cc to Supersport models. Using a unique combination of rubbers and an innovative casing, this tire is becoming the market benchmark in terms of dry grip, handling and stability.
EXOTIC SYSTEMS: Michelin invests in agricultural innovation
Farmers are increasingly using innovations in smart digital technology. To support them in this area, today both Limagrain and Michelin are acquiring a 20% stake in the capital of a start-up called Exotic Systems, specializing in smart objects specifically designed for the farming world.
Paris Motor Show: MICHELIN PS4S and CrossClimate +
At the Paris Motor Show, Michelin presented two new tires. MICHELIN CrossClimate + continues to merge the best summer and winter tire technologies whilst offering lasting performance. MICHELIN PILOT SPORT 4S, the new ultra high performing tire is among the first tires in its category to have the letter A (for the 19 inch model) in braking distance on wet surfaces.
MICHELIN X® LINE™ Energy™: the AAA-scored heavy truck tire
Saving fuel has become a priority for long-distance transporters. The MICHELIN X® LINE™ EnergyTM range of heavy truck tires, the first to be awarded the AAA score in roll resistance, helps save up to a liter of fuel every 100 kilometers with no compromise on the tire lifespan!
ENGIE joins Michelin as Sybmio FCell shareholders
By joining Michelin as a shareholder of Symbio FCell, European specialist in fuel cells, ENGIE is providing its expertise in hydrogen production and distribution. This technology, used to improve battery life of electric vehicles, is one of the future’s sustainable mobility solutions.
Urbalad: innovation accelerator
In the heart of the Ladoux (France) Technology Center, the new Campus demonstrates our ambition to be the most innovative company in our sector. This 70,000 square-meter space designed to encourage horizontal collaboration between businesses and open innovation will be a lever to stimulate sustainable mobility development, in line with our customer expectations.
Acquisition of Levorin: Michelin gains strength in Brazil
The two-wheel tire market is booming in Brazil. To meet the market’s specific requirements, we will be offering a wide, adapted range of tires thanks to the acquisition of Levorin (€135 million in annual turnover and 2,000 employees), a local two-wheel tire specialist.
New for the 2017 MICHELIN guides
For the 1st edition of Singapore’s MICHELIN guide, our inspectors tirelessly walked the streets, giving star billing to typical street food. They found 29 Michelin-starred restaurants and one three-star restaurant. Near Lake Michigan, the new edition of the Chicago MICHELIN guide awarded 6 new stars, including 2 two-star restaurants.
Bombardier chooses Michelin for its new plane
Our NZG radial technology continues to delight aircraft manufacturers. After Boeing and Airbus, Bombardier has exclusively selected MICHELIN tires for its new model, the CS100. This aircraft is the first to obtain the ISO 14025 standard, the highest environmental certification.
A strategic partnership for the Michelin Aircraft Product Line
Aviall, a Boeing subsidiary dedicated to the supply of spare parts, and Michelin will join forces to better meet the needs of airlines and airport services operators. Thanks to this agreement, our Aircraft Product Line will now be able to use Aviall’s international distribution network.
A new high-end touring tire production factory in Mexico
To meet our commitment to manufacturing tires as close as possible to where they are sold, we will soon be opening our 21st production site in the Americas. The construction of this plant represents an investment of €450million and it will be in León, central Mexico, in a region where there are 18 other major car manufacturer production facilities.
The 24 hours of Le Mans: an extreme sport laboratory
The 84th edition of the 24 Hours of Le Mans race took place on 18th and 19th June 2016. This unique and legendary race pushes drivers and their teams to their very limits. A philosophy which every year turns this endurance race into a genuine laboratory for future automobile innovations, for MICHELIN too.
The PSA Group gives Michelin its first “Social and Environmental Responsibility” award
On 24th May, the PSA Group gave Michelin the Social and Environmental Trophy at its 12th Supplier Trophy ceremony. This award recognizes environmental and safety performance in MICHELIN products and services and strengthens the connections between our two groups in our commitment to sustainable mobility.
Formula-E: MICHELIN’s Pilot Sport EV tire at the first e-Prix in Paris
The first Paris e-Prix was held on April 24, a race which combines Michelin’s passion for driving sports and the importance of alternative energies; it was a very special moment for all of the Formula E teams. In cool and dry weather, the MICHELIN Pilot Sport EV tires certainly rose to the occasion.
Tennis: Michelin creates a unique sole for Babolat
The new Babolat JET tennis shoes have an exclusive MICHELIN sole adapted to the quick changes in direction so specific to this sport, are long-lasting and have excellent grip. With its innovative sole, the Babolat JET tennis shoe is one of the lightest on the market.
MICHELIN Pilot Sport4: a new tire generation
On the back of analysis collected from 3,000 private vehicles throughout Europe and partnerships with our competition manufacturers, the MICHELIN Pilot Sport4 has become the new benchmark tire for premium and sports sedans. It is also the first MICHELIN tire available for online purchase directly from Michelin.