French tyre maker Michelin and parent company IDI have reached an agreement on the terms by which Michelin would acquire 100% of Flex Composite Group (FCG) for an enterprise value of EUR700 million from IDI. FCG is a European leader…
Tag: michelin
Tyres with rCB from Enviro as Michelin celebrates 100 years at Le Mans
Scandinavian Enviro Systems’ (Enviro) major shareholder, French tyre maker Michelin, developed a racing tyre for this year’s edition of the Le Mans 24-hour race that contains a full 63% sustainable materials, including recovered carbon black (rCB) from Enviro’s plant in…
Michelin/Sumitomo jv to divest tyre retail outlets in US
French tyre maker Michelin that jointly operates TBC Corporation, a US based tyre distribution company, with Sumitomo Corporation, has said TBC will divest its company-owned retail portfolio (NTB and Tire Kingdom) to Mavis Tire Express Service Corp. (headquartered in Millwood,…
Michelin to invest US$100 mn in Kansas facility; expanding rubber tracks capacity
French tyre maker Michelin has announced its plan to invest more than US$100 million into its Junction City, Kansas, operations in the US over the next five years to increase production capacity of tracks for agricultural equipment. The investment, part…
Enviro, Antin, Michelin to set up large-scale tyre recycling group
Tyre recycler Scandinavian Enviro Systems and private equity firm Antin Infrastructure Partners have established a joint venture to, based on Enviro’s technology, create what they say is the world’s first large-scale tyre recycling group. The jv plans to establish plants…
Michelin to invest CAD$300 into Canadian ops
French tyre maker Michelin has announced a CAD$300 million investment into its Canadian operations to accelerate sustainable mobility and the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities. This includes manufacturing tyres for the growing…
Michelin ties up with DHL to trial airless tyres in Singapore
French tyre maker Michelin is tying up with DHL Express to trial its Uptis airless tyre. It will be fitted on nearly 50 vans in Singapore by the end of 2023. The pilot programme begins with the first vehicles making…
Pyrowave’s recycled styrene to be used by Michelin in SBR tyres
Canadian recycler Pyrowave says it has reached a major stage having successfully passed Michelin Group’s quality tests with the first 99.8% pure recycled styrene monomer produced from polystyrene waste. Recycled monomer can now be integrated into industrial elastomer batches. For…
Michelin claims world’s first rCB-tyres for road use
French tyre maker Michelin, the principal owner of end-of-life tyre recycler Scandinavian Enviro Systems, claims it is the first tyre manufacturer in the world to unveil tyres with a high proportion of environmentally sustainable materials of up to 58% that have been approved for use on ordinary…
Michelin buys US street scanning start-up RoadBotics
French tyre maker Michelin says that it has acquired US-based RoadBotics Inc., a start-up that specialises in the analysis of road infrastructure images it captures with smartphones. Terms were not disclosed. Michelin says the acquisition of RoadBotics will enable it…