MICHELIN Mining News

Michelin to Provide $1 Million for Business Loan Program

On Sept. 1, Michelin North America will launch a new development program to provide loans to new and existing disadvantaged small- and medium-sized businesses located in the Upstate of South Carolina….more at Tire Review Online

Michelin to 'specialize' plants in France

Groupe Michelin plans to develop its Moncteau, France, plant into a "high performance facility" for earthmover tires and make its Tours, France, factory "a benchmark for high-tech truck tires in Europe," according to Michelin officials….more […]

Michelin Restructuring Program Could Save 150 million euros Annually

Michelin’s domestic labour reorganisation program, (announced on June 17) will save the company between 100 and 150 million euros a year, according to Deutsche Bank research analyst Gaetan Toulemonde….more at Tire Review Online

Michelin to Invest £887 Million in India

It is cutting back in France, yet planning big in India – Michelin is reportedly planning to invest some Rs 70 billion (£887 million) there over the next decade….more at Tire Review Online

Report: Michelin to Cut 1,500 Jobs in France

(Reuters) Michelin is to cut 1,500 jobs in France as part of measures the French tyre group will announce on June 24 to weather a collapse in global demand for tyres, newspaper Le Monde said […]

Michelin Q1 sales fall 14.2 percent to ¤3.5B

PARIS (AP) – Michelin SCA said Tuesday its sales fell 14.2 percent to ¤3.5 billion ($4.5 billion) in the first quarter as demand for tires slumped in all the French tire maker's markets other than […]