Michelin Invests for Sustainable Growth in North America
GREENVILLE, S.C., June 27, 2016 Michelin North America has invested more than $3.1 billion on manufacturing capacity and infrastructure and other developments since 2011 in support of its sustainable growth strategies, the Company announced today.
Michelin North America currently operates 20 major manufacturing plants (16 in the United States, three in Canada, one in Mexico), employing nearly 23,000 people.
“Michelin has invested billions of dollars and created tens of thousands of jobs since arriving in North America more than 40 years ago,” said Pete Selleck, chairman and president of Michelin North America, the Greenville, S.C.-based regional unit of Michelin Group (Compagnie Générale des Etablissements Michelin), the global tire leader with headquarters in Clermont-Ferrand, France.
“Michelin North America’s long-term business priorities will remain focused on investments in manufacturing and operations infrastructure, as well as the people of Michelin who drive innovation,” Selleck said. “Their ingenuity and work ethic are responsible for many of the technology innovations that have transformed the tire industry, resulting in better mobility for all.”
Here is a summary of Michelin North America’s recent highlights in the United States, Canada and Mexico:
Growth and expansion in the United States comprised approximately $2.8 billion of Michelin North America’s total investment over the past five years. Michelin employs more than 18,000 people 16 major manufacturing sites in the United States.
South Carolina, where Michelin North America’s headquarters is located, represented approximately $2.1 billion, or about two-thirds, of the Company’s total capital investment in the five-year period. Michelin North America operates 10 major manufacturing sites in South Carolina.
Michelin brand is the distinguished choice for exclusive original-equipment tires on many of the iconic, most recognizable high-performance automobiles launched in North America. Since 1989, Michelin has earned 80 top rankings from J.D. Power and Associates for original-equipment customer satisfaction, over four times more than all other tire brands combined. More recently, the Company also has introduced or expanded Michelin’s award-winning Pilot, Defender and Premier passenger-tire lines; reinvigorated the stalwart BFGoodrich Tires brand with the All-Terrain T/A KO2, Comp2 A/S and Rival tire lines; and commercialized production of the revolutionary Michelin X Tweel Airless Radial Tire. In the heavy-truck category, the Company has introduced new tires under the BFGoodrich and Uniroyal brands, extended the Michelin X Line Energy series, and also launched a new suite of services for fleets and operators.
Michelin has invested more than (USD) $302.8 million in Canada over the past five years across three manufacturing sites.
Michelin North America (Canada) Inc. has introduced the category-leading X-Ice Xi3 winter tire in addition to in-country launches of Michelin’s Defender and Premier lines, as well as BFGoodrich’s KO2, Comp2 A/S and Rival tires. For heavy trucks, the Company launched production of the Michelin X One wide-single tire, introduced new tires under the Uniroyal and BFGoodrich brands, and also launched a portfolio of services for fleets and operators.
Michelin has invested nearly (USD) $43 million at its co-located facilities in Queretaro, Mexico, over the past five years.
During the same period in Mexico, Michelin has launched Defender LTX, Premier LTX and LTX Force tires for passenger vehicles. The Company introduced Uniroyal-brand tires for heavy trucks during the period, as well as launching and expanding a suite of services for fleets and operators.
Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, Earthmovers, farm equipment, heavy-duty trucks and motorcycles. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (www.michelinman.com) employs more than 22,650 and operates 20 major manufacturing plants in the U.S., Canada and Mexico.
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