Michelin Group is active on all continents, from China to Brazil and from The United States of America to Germany and Russia. Michelin manufactures and sells tyres for all kinds of vehicles, publishes maps and guides and operates a number of digital services in more than 170 countries.

Corporate Governance

For over 140 years, Michelin has operated as Partnership by Shares. An ideal framework for the development of a stable base of highly committed managers in pursuit of long-term strategies.

History

From invention of the radial tyre to Pax System, and from the first gastronomic guide to the steel wheel, Michelin has played an active role at every stage of the automotive adventure.

Strategy

A global player present on all tyre markets, Michelin intends to remain world No.1 in tyres and mobility assistance through a strategy built around promoting “better mobility” and, on the strength of the outstanding quality of its brands, maintain all-round excellence in innovation, products and services.

The Group takes advantage of its strong local presence to adapt to the specific features of the markets. It pursues a strategy of sustained organic growth, backed by selective acquisitions and partnerships to penetrate new markets.

Michelin’s objective is to perform well over the long term by growing faster than the market on the attractive segments that it has chosen, developing its positions in high-potential regions, reducing its overheads and increasing its flexibility and proactivity.