Our businesses

Expanding beyond tires

Leveraging our expertise in high-tech materials: Michelin enjoys unrivaled expertise in high-tech materials, from their properties and possible combinations to their process engineering and applications. Already a core factor in the unique sustainable performance of the Group’s tires, these capabilities are being enhanced and marketed to customers in other industries through a proactive policy of acquisitions, incubators and partnerships.

Strategy

The high-tech materials business is organized around four divisions:

    • Sustainable flexible composites: developing technologies, polymer components and composite solutions capable of delivering long-lasting high performance for demanding technical applications.

       

    • Medical applications: expanding the range of biocompatible products, in particular for use in regenerative medicine and cell therapy.

       

    • Metal 3D printing: making the AddUp joint venture with Fives a world leader in metal 3D printing.

       

    • Hydrogen mobility: making the Symbio joint venture with Forvia a world leader in hydrogen mobility systems.

Objectives

  • Build positions in profitable new, high-potential growth markets by leveraging our expertise in sustainable composite materials and products that offer customers business-critical properties

Future-facing markets

High-tech, Sustainable flexible composites

Composite solutions 

Fenner
aircaptif
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CDI
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Polymer components

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Sustainable materials

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Joint-ventures

Medical applications
- with Altaris -

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Metal 3D printing
- with Fives -

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Hydrogen-powered mobility
- with Forvia -

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Sustainable flexible composites

Targeted segments

 

    • Composite solutions for demanding industrial applications: belts, conveyors, high-performance polymer-based precision parts, coated fabrics, inflatable solutions.

    • Polymer components offering differentiating performance features: specialty adhesives, composite reinforcing fibers.

    • Innovative production processes for high-performance bio-based or recycled materials for tires and other applications.

sales target
€1.1 billion in 2023

Progress made in 2021

ResiCare continues to realize its potential
Incubated by Michelin, ResiCare manufactures high-performance SVHC-free (Substances of Very High Concern) resins. An initial mobile production unit is now up and running in Poland at the Olsztyn plant, the main supplier of the Group’s textile reinforcements. In the forest products segment, ResiCare’s collaboration with Allin has led to the market launch of the world’s first eco-friendly plywood.

Michelin acquires AirCaptif
AirCaptif, a specialty manufacturer of ultralight inflatable structures, offers modular solutions that are quick and simple to use, while weighing ten times less than steel.
They are being marketed primarily to customers in the aerospace, medical, construction, leisure and luxury goods industries.

Fenner Precision Polymers consolidates its leadership
In the specialty belting market with the acquisition of conveyor belt and wire cloth manufacturer Lumsden Corporation. The new unit mainly serves customers in the mining and food processing industries.

Improving merchant ship fuel efficiency by 10-20%
Incubated by Michelin, the Wing Sail Mobility (WISAMO) project is an automated, telescopic, inflatable wing sail system that can be fitted on newbuilds or retrofitted on in-service vessels. It will first be installed on a merchant ship in 2022.

Medical applications

Leading-edge expertise in biomaterials

 

Solesis, which joined the Group in 2018 with the acquisition of Fenner, develops and manufactures biocompatible components for use in regenerative medicine applications and cell and gene therapies.

Progress made in 2021

A partnership to drive faster growth
To realize Solesis’ high potential more quickly, Michelin has partnered with Altaris, an investment firm focused on the healthcare industry. At the same time, Michelin and Solesis have entered into a research partnership to continue co-developing biopolymers.

Metal 3D printing

A comprehensive range of solutions for manufacturers

 

Metal additive manufacturing makes it possible to produce complex parts, using a highly flexible process. Michelin’s expertise in deploying this technology on an industrial scale is now being leveraged by AddUp, in partnership with industrial engineering specialist Fives. Its main markets are the medical, aerospace, luxury goods, machine tools and automotive industries.

Market growth
30% between
2020 and 2030

Progress made in 2021

A machine for Industry 4.0 systems
Modular and scalable, the new FormUp 350 machine stands apart for the speed and power of its software and its unparalleled array of possible configurations. It delivers exceptional levels of productivity while enabling operators to work in complete safety thanks to its automated autonomous powder module.

Mobility experiences

Guides, maps, mobile applications and exclusive offers that help to nurture the MICHELIN brand’s impact

 

Demonstrating the Group’s commitment to a more sustainable world, the MICHELIN Guide’s MICHELIN Green Star award, which honors chefs who are leading the way in sustainability, has been extended to the United Kingdom. Winemakers who have made a strong commitment to sustainable practices are now recognized with the Robert Parker Green Emblem.

 

Hydrogen mobilty

A world leader in hydrogen fuel cell systems

 

Together, hydrogen and battery-powered electric solutions will help to achieve zero-emission mobility. As a shareholder in Symbio, a pioneer in hydrogen fuel-cells that extend the range of battery-powered vehicles, Michelin partnered with Faurecia in 2019 with the goal of combining capabilities to make the company a world leader in hydrogen-powered systems.

 

sales target
€200m in 2025
€1.5bn in 2030

The future Symbio
plant in Saint-Fons near Lyon (France)

*Hydrogen fuel cells generate electricity from the chemical reaction between hydrogen (supplied from an onboard tank) and oxygen (from the air). Emitting only water vapor, they can act as a primary or supplementary power source for all types of electric powertrains. Refueling times and range for a fuel-cell fitted vehicle are comparable to those of an internal combustion vehicle.

Progress made in 2021

New contracts and a new plant
Symbio systems will equip Stellantis’ first mass-produced hydrogen-powered commercial vehicles and 1,500 Safra hydrogen buses. The company is currently building a plant in near Lyon. When it comes on stream in 2023, it will be the largest facility of its kind in Europe, with capacity to produce up to 50,000 systems. By 2030, Symbio aims to produce 200,000 hydrogen systems a year for the automotive industry.

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