Michelin Completes Sascar Acquisition
Michelin’s acquisition of all outstanding shares in Brazilian digital fleet management and freight security firm Sascar Participações S.A. and its affiliated companies, which was first announced on June 9, has now been completed. The transaction has been approved by the Brazilian competition authority (CADE) and all other closing procedures were finalized on August 29. Sascar has 870
Michelin Releases New Tire for Port Use
Michelin North America has released a new tire, the Michelin X-Straddle 2, for use on straddle carriers that load and unload container ships at ports. The X-Straddle 2 was designed to improve the efficiency and productivity of carrier operations by offering a 17% increase in top speed capabilities, a 25% increase in per-hour distance and
Michelin Launches New Truck Website
Michelin North America has launched a new website for its Michelin Americas Truck Tires division- MichelinTruck.com. “Our goal for the new site was to provide a robust user experience for our customers, with information and tools to assist their decision making and trucking operations” said Bianca Hogan, U.S. country marketing manager for Michelin Americas Truck
Michelin to Take Consumers on Treasure Hunt
One hundred and twenty five years have passed since, Édouard Michelin took over a factory in Clermont Ferrand, France and renamed it Michelin et Cie. As part of its anniversary celebrations the tiremaker is asking consumers to take part in a treasure hunt across the United States. Michelin will utilize geocaching, outdoor treasure hinting in
Michelin Adds Size for Sprayer Tire
Expanding its Michelin Spray Bib lineup, Michelin North America will now offer a 50-inch VF sprayer tire. The VF420/95R50 177D SprayBib will have all the qualities of the smaller 46-inch SprayBib but in a larger dimension designed for sprayers that carry heavier loads, the tiremaker said. The tire is equipped with a D speed rating
1H Sales Fall, Profits Up at Michelin
Groupe Michelin reported a year-over-year drop in sales for the first half of 2014, but still posted increased net profits. The tiremaker said its first half sales came in at $13.19 billion, down slightly from 2013’s $13.22 in sales. First half net profit rose to $836 million for the period, compared to $659.5 million. Michelin
Michelin Launches Motorcycle Tire Review Site
Michelin North America’s motorcycle operations launched an online tool designed to capture consumer feedback about the performance of Michelin motorcycle tires. According to the tiremaker, mototirereviews.michelin.com highlights consumer feedback of products with a five star rating system. The site also allows users to provide their riding profile along with their motorcycle’s year, make and model,
Michelin Expands in Chicago-Area
Michelin will lease a 1.7 million-square-foot distribution facility in Wilmington, Ill., from Ridge Development, the industrial development arm of Transwestern Development Co. The facility is expected to be delivered in July 2015, according to The Chicago Tribune. A groundbreaking ceremony has been scheduled for July 23. The city of Wilmington, Ill., has reportedly offered the
Michelin Receives Healthy Lifestyles Recognition
Michelin North America was among 63 U.S. employers that received the 2014 Best Employers for Healthy Lifestyles award at the Leadership Summit sponsored by the National Business Group on Health’s Institute on Innovation in Workforce Well-being. Michelin North America received a Gold Award for its Choose Well-Live Well program, which integrates preventive care and consumer-driven
Contract Worker Dies After Michelin Plant Accident
The Times of India reports that a contract worker died of stomach injuries on July 1 after an accident that occurred inside Michelin’s Thervoy Kandigai plant on June 25. The plant is located approximately 30 miles north of Chennai, India. “We deeply regret the demise of a M+W’s sub-contractor worker,” said Michelin in a statement.
Michelin Reaches Deal in Brazil
Michelin announced that it has finalized a deal to acquire Sascar, a Brazilian fleet-tracking and freight-security company, for about $717 million. The acquisition would enable Michelin to expand its service offerings and accelerate the growth of its truck tire business in Brazil, said the company. “Michelin will benefit from the client base and technical and
Giti Breaks Into Top 10 Leading Tiremakers
Changes At The Top This year’s annual tire manufacturer ranking have brought with them a number of key changes at the top of the table. The growth of Far Eastern manufacturers and Chinese companies in particular has long been observed, but 2014 sees Singapore-based Giti Tire break into the top 10 and Taiwan-based Maxxis/Cheng Shin
