First slide

In order to boost production of mask in France, the Michelin announce partnership with French company CERA. The partners will process engineer mask manufacturing machines in France. Michelin also launched its first automated mask production workshop in France, at its Combaude plant near Clermont-Ferrand.

  • Michelin allows approximately $4 million investment for the production of 3 million standard type I or IIR single-use surgical masks per month.
  • Production will ramp up to include 1 million FFP2* masks per month from summer 2021.
  • The new facility is designed to address the need to protect Michelin’s 68,000 employees in Europe. Any surplus will be sold in order to contribute to the fight against epidemics.

The prominent deals and partnerships by Michelin are mention below:

Feb 2021: The global tire manufacturer Michelin is launching the construction on its first tire recycling plant in the world, in collaboration with Swedish company Enviro. Based in Chile’s Antofagasta region, the plant will be able to recycle 30,000 tons of earthmover tires a year. Scrap tires will be collected directly from customer premises, and then transported to the plant to be cut up and recycled.

Feb 2021: Michelin signed a letter of commitment for maritime transport with Neoline, a French shipowner relying on main propulsion by sail. Firmly committed to reducing CO2 emissions from its logistics operations, the Michelin Group recently signed a transport commitment with NEOLINE.

Nov 2020: The Canadian firm Pyrowave announced a joint development agreement with the Michelin Group. Through the Pyrowave?developed technology, it is possible to generate recycled styrene from plastics found in packaging, insulation panels and/or household appliances. This recycled styrene is an important monomer*: it is used in the production of polystyrene and synthetic rubber for tires and a large number of consumer products.

Oct 2020: Michelin acquired all outstanding shares in Le Fooding three years after the two companies first began collaborating. The deal is the culmination of an agreement signed with the co-founders of Le Fooding® in 2017 – after Michelin acquired a 40% stake in its share capital – providing for Michelin’s future acquisition of the remaining interest.

About Michelin
Michelin, headquartered in Greenville, SouthCarolina, the USA, is global leader in tire manufacturing. The company designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. The company has seven R&D centers in different parts of the world. Michelin has about 69 tire manufacturing facilities and sales agencies in more than 171 countries. In addition to tires, the Company also publishes travel guides, hotel and restaurant guides, maps and road atlases.

Prominent Global Investors

View all

Related News