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Michelin opens world’s first manufacturing plant to build revolutionary airless radial tire

Michelin opens world’s first manufacturing plant to build revolutionary airless radial tire

Michelin opens world’s first manufacturing plant to build revolutionary airless radial tire

Clermont-Ferrand, 20 November 2014 —  Michelin has opened its newest plant in North America, which will produce the innovative MICHELIN® X® TWEEL® Airless Radial Tire™ for commercial applications.

An idea first conceived by Michelin research engineers in the United States, the TWEEL is a revolutionary non-pneumatic tire that changed the configuration of a conventional tire, bringing together the tire and the wheel assembly into one solid unit. The TWEEL comprises a rigid hub connected to a shear beam by means of flexible, deformable polyurethane spokes, all functioning as a single unit.

Unlike conventional tires, the TWEEL has no air, thereby solving what had seemed to be the unavoidable challenge of chronic flat tires that plagues the landscape, construction, contracting, refuse/recycling and agricultural industries.

“The TWEEL being built here in South Carolina is yet another dramatic example of Michelin’s long-standing commitment to breakthrough innovation,” said Pete Selleck, Michelin North America chairman and president. “The TWEEL concept was born at Michelin Americas Research Company in Greenville, S.C., one of Michelin’s three global technology centers, and now the Tweel will be manufactured right here in the Greenville area to satisfy a growing commercial market.”

The new plant gives Michelin the ability to boost output of its award-winning MICHELIN® X® TWEEL® SSL skid-steer tires and begin production of the new MICHELIN® X® TWEEL® TURFTM as original equipment for John Deere to equip its ZTRAKTM 900 Series line-up of zero-turn commercial mowers.

“Differentiating us from competitors, the TWEEL airless radial tire is the industry’s first commercialized airless radial solution and verifies Michelin’s leadership for the next generation of mobility,” said Ralph Dimenna, head of Michelin Tweel Technologies. “The TWEEL airless radial tire enables Michelin to enter new markets and expand its reach in existing business segments within the low-speed application category. The industry is hungry for solutions contributing to productivity, safety and bottom lines. Serving our customers is at the center of our strategy for success.”

The new 135,000 square-foot facility in Piedmont, S.C., represents Michelin’s 10th manufacturing facility in South Carolina and the 16th in the U.S. The company will invest about $50 million in the new plant.

About MICHELIN® X® TWEEL®

Originally introduced as a concept at the 2004 Paris Motor Show, the MICHELIN® X® TWEEL® is Michelin’s highly advanced airless radial tire and is the only commercial product available to offer the advantages of no maintenance, no compromise and no downtime. It performs with traditional radial tire technology but requires no air, thereby eliminating the risk of a “flat tire.” Desperate to find a solution to reduce their flat-tire downtime, many industrial users resort to alternatives that result in diminished traction, handling and ride comfort. The X TWEEL provides the advantages of no air pressure maintenance, easy mounting, damage resistance, increased operator comfort, reduced operator fatigue, improved productivity and longer wear life than pneumatic tires.

To learn more about the MICHELIN TWEEL, visit www.michelintweel.com.

Investor Relations Media Relations Individual shareholders

Valérie Magloire
+33 (0) 1 78 76 45 37
+33 (0) 6 76 21 88 12 (cell)
valerie.magloire@fr.michelin.com

Matthieu Dewavrin
+33 (0) 4 73 32 18 02
+33 (0) 71 14 17 05 (cell)
matthieu.dewavrin@fr.michelin.com

Corinne Meutey
+33 (0) 1 78 76 45 27
+33 (0) 6 08 00 13 85 (cell)
corinne.meutey@fr.michelin.com
Jacques Engasser
+33 (0) 4 73 98 59 08
jacques.engasser@fr.michelin.com

DISCLAIMER

This press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des Marchés Financiers, which are also available from the www.michelin.com website.

This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.


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