2017 Q3 Highlights
Going further TO better serve our customers
We have the privilege of being a major player in mobility. This requires we permanently help improve it, make it more efficient, safer, calmer, more pleasant and closer to everyone’s expectations.
Our capacities for innovation today mean that we can conciliate qualities in our tires that were for a long time considered incompatible. In this way, we can always provide better solutions to specific customer expectations whatever tires they use. Today, we are going even further by guaranteeing the performance of our tires to the legal wear limit. This is good for the environment and good for our customers’ bank accounts!
Thanks in particular to digital technology, today we are both an industrial group and a service provider. With internal development and external acquisitions, our service portfolio is continuously expanding. Services simplify the life of professionals and improve mobility for our private customers in a growing number of countries.
Every day, we are committed to making mobility more responsible and more sustainable. With our suppliers we are establishing demanding relationships over the long-term, encouraging the adoption of best practices throughout the sector. More than ever we are solidly committed to establishing our products in a circular economy, one which protects the environment. This commitment was at the heart of the MOVIN’ON event which we held in Montreal. It brought everyone who is working hard for sustainable mobility together and allowed us to showcase our vision of the future.
To deliver the promise of giving everyone a better way forward, our organization is evolving and reflecting our ambitions. Relying on the simplicity, responsiveness and responsibility of our teams, this commitment must help accelerate the arrival of our innovations on the market and ensure we are closer and as available to our customers as possible. It puts us in a position to rise to all of tomorrow’s challenges, whilst remaining faithful to the vision and values which have united us and driven us for 125 years.
MICHELIN ACORUS: a wheel that bends but won’t break
Our engineers have developed the MICHELIN ACORUS technology to make tires safer and more resistant. Rubber expanders are fitted to a slightly narrower tire. In partnership with Maxion, world leader in wheels, today we are offering a new “flexible” wheel. It means the wheel-tire block is more shock-resistant and reduces the risks of puncture.
Michelin enters the FTSE4Good index
Since 2001, the international FTSE4Good index on the London Stock Exchange has been measuring the performance of socially responsible companies with environmental, social and governance criteria (ESG). After an assessment with 100 indicators, Michelin is now a member of this index. This recognition highlights the quality of our Group’s sustainable development project.
Michelin at the 67th Frankfurt IAA motor show
At the IAA in Frankfurt, Michelin presented several innovations for safer and more stable mobility. Presented in partnership with Maxion Wheels, MICHELIN Acorus technology helps create light and flexible wheels, making tires more shock-resistant. Developed for Renault’s Z33 concept car, the MICHELIN slimline tire combines aesthetics with energy performance thanks to a narrow tread. Finally, MICHELIN’s onboard Safe & Drive system adapts to all vehicles and provides access to a Michelin assistance platform. It is also capable of detecting collisions and automatically contacting the emergency services.
Rubberway: an app for mapping good practices in the natural rubber industry
Michelin promotes responsible and sustainable natural rubber throughout the world. To measure the application of good practices throughout the value chain - production, processing, transport - we have developed the Rubberway phone app. It picks up information on working methods from all involved in the industry, in complete transparency, encouraging genuine traceability of rubber from plantation to factory.
Concept tires: our future vision
Michelin presented its Vision wheel concept for future tires at Movin’On. This wheel was designed using our latest innovations (3D metal printing, bio-materials and smart solutions). It is an airless wheel, completely connected, with a “rechargeable” tread, produced on demand by 3D printing.
Michelin in the Fooding® era
Since 2000, the Guide du Fooding® has offered a different approach to gastronomy, which complements the Michelin Guide. Today, Michelin has acquired a 40% share in the Guide du Fooding®, establishing a natural partnership. We can now recommend exclusive and diverse gastronomic experiences to our customers.
MICHELIN Enduro: a new range with more grip for the long-term
Rocks, sand, grass... The Enduro is torture for tires. To cope with these tests, Michelin has developed a new range of Enduro bike tires, making good use of our latest innovations. The result: better grip, of course, but also an improved lifespan and greater solidity. Available in medium and hard to adapt to different terrains, they will take you even further.
Reputation Institute: Michelin continues to climb the ranks
The Global RepTrack annual survey carried out by the Reputation Institute asks over 60,000 people all over the world to score companies on 4 criteria: confidence, respect, admiration and familiarity. Good news for our Group...as it continues to climb the ranks. In 2017, we are 13th in the world (15th last year) and the leading automotive OEM. In France we are number 1 and the only company to score over 80 out of 100.
Long-term performance: what worn tire tests tell us
Until now, we had no precise information about the performances of worn tires. A series of tests carried out at the Ladoux Technological Center today sheds light on the matter. The tests revealed that a used tire reduces fuel consumption and brakes better on dry roads. On wet roads, premium used tires perform comparably to new budget tires. More generally, the performance of a new tire cannot help anticipate its future performance. Michelin therefore recommends generalizing tests of worn tires.
Movin’On returns in 2018
The first edition of Movin’On was a great success. Bringing together the world of mobility, public authorities and start-ups, it has helped us move forward with concrete solutions for intelligent, clean and efficient mobility for all. The second edition will take place once again in Montreal, from May 30 to June 1, 2018.
The MICHELIN brand: trust and progress
For the 3rd consecutive year, the Reputation Institute, which ranks the world’s brands according to their reputation, has put Michelin at the head of the French rankings and 13th worldwide. Our reputation is based on several cornerstones: the quality of our products, the fruit of our innovation, the many services designed to make our customers’ lives easier and our commitments to a responsible future.
MICHELIN® X®TRA LOAD: record productivity for rigid dump trucks
Productivity is the number one challenge for rigid dump truck users. With the new MICHELIN® X®TRA LOAD range, we offer an increase in load capacity and an extended lifespan. Operators in quarries and mines can therefore transport a tonnage rate never reached before, continuously.
The MICHELIN guide celebrates Singapore’s vitality and diversity
The second Singapore edition of the MICHELIN Guide has 38 Michelin-starred restaurants, including 12 new star winners. The Bib Gourmand selection also has 9 new restaurants. The 2017 selection testifies to the extraordinary vitality of the food in this Asian city-state and its diversity, embracing Peranakan or Australian cuisine as perfectly as French or Italian fine dining.
A global reorganization project to better serve our customers
On March 16, 2017 Michelin launched a new organization project to reinforce its growth. The objective is to meet new customer expectations, improve satisfaction, simplify our operating methods and accelerate the Group’s digital technology. This new organization will encourage close relations with our customers all over the world and will focus on recruiting highly skilled professionals in high tech and digital equipment.
Michelin and Safran develop the first smart tire for planes
Inspection operations for plane tires have always been complex. PresSense, a pressure sensor integrated in the tire developed by Michelin and Safran, is changing everything. The tire’s pressure information can now be seen on a reader connected to a smartphone and a database. PresSense helps accelerate and simplify all the necessary maintenance operations.
24 Hours of Le Mans: 20/20
With its victory in the 2017 edition of 24 Hours of Le Mans, the n°2 Hybrid Porsche 919 gave Michelin its 20th consecutive win in Sarthe. 20 years of victories testifying to our Motorpsorts teams’ ability to adapt to the constant changes in regulations and vehicles. As it is every year, the 24 Hours of Le Mans race was a forum for successfully testing the latest tire innovations which will be transferred from track to road over the coming years.
Michelin TIRE CARE honored by Netexplo!
Netexplo, an independent observatory that studies the impact of digital technology on society and businesses, honored Michelin at a Change Conference held on June 16, 2017. This event recognizes the most innovative digital initiatives by big businesses in France and Michelin came first with its Michelin My Account offer, TIRE CARE. Well done to all the winners!
Michelin has purchased NexTraq, a telematics solution for utility vehicles
Michelin has purchased NexTraq, a subsidiary of FLEETCOR Technologies. NexTraq provides solutions which improve driver safety, fuel management and fleet productivity. It has around 7,000 fleet management customers and 116,000 private subscribers in North America. This purchase bolsters our presence in fleet services, currently a flourishing market.
MICHELIN ROADBIB: the farming tire that makes sense
Michelin has co-designed its new farming tire with entrepreneurs to better meet their requirements. The new MICHELIN ROADBIB tire takes into account the fact that tractors travel on the road 50% of the time. Its revolutionary tread means that more of the rubber’s surface is in contact with the road, 60% more than a traditional farming tire. This tire provides more comfort and 25% more lifespan.
Michelin and its suppliers: a high-performing, responsible and sustainable relationship
We have demanding relationships with our suppliers who must share our standards in terms of quality and responsibility. But the demands are not only one-way, as proved by the “Responsible Supplier Relations” label the Group has been awarded since 2013. It testifies to the healthy and balanced relationships we have with our suppliers. The label was renewed for 2017 by a unanimous decision from the jury.
MICHELIN X® MULTI™: a new generation of heavy truck tires to go even further
The MICHELIN X® MULTI™ range of heavy truck tires offers short and medium haul transport contractors tires with exceptional grip in all weather conditions, a 15 to 20% increase in lifespan and the lowest cost per mile on the market. This performance was made possible by the integration of many innovations. Equipped with an RFID chip, MICHELIN X® MULTI™ tires provide access to a range of digital services for tracking operations carried out on each tire.
General Motors and Michelin: a shared vision of sustainable rubber cultivation
General Motors has published guidelines to make sure that tire suppliers privilege responsible rubber cultivation. We praise this decision which reflects our own commitments: implementation of a responsible and natural rubber policy, assessment of our suppliers’ CSR performance, mapping operators in the sector’s value chain, reforestation project in partnership with the WWF... Our approaches converge to lead all of the industry towards virtuous practices.
Long-lasting performance tires to refuse planned obsolescence
Tire performance changes throughout a tire’s life. At Michelin, we believe that a quality tire performs well until the legal wear limit and replacing it early provides no extra safety guarantees. For greater transparency, we are inviting test organizations to better inform people about the performances of worn tires. Replacing one’s tires as late as possible benefits both the environment and the consumer.
MICHELIN CrossClimate+: better performance every season, for longer
Like its predecessor, the new MICHELIN CrossClimate+ tire provides the qualities of a summer tire plus greater traction on snow-covered ground thanks to innovative rubber, a unique tread and high performance siping. But is its performance consistent from the first to the last kilometer? The answer is yes!
MICHELIN Pilot Sport4 S: a premium tire in every sense
Designed from our competition experience and partnerships with manufacturers, the MICHELIN Pilot Sport range is now a benchmark for sports sedans. Today it is joined by a new model, the MICHELIN Pilot Sport4S, which is ahead of all its rivals in track trials. This is a premium tire right down to its look and is available in 35 different sizes.