The Business Times

Michelin tyre

Transport & Logistics

Tyre maker Michelin to close two French plants by 2026

(FILES) The Michelin tire logo is seen during a press preview at the North American International Auto Show January 14, 2014 in Detroit. AFP PHOTO/Stan HONDA. Michelin achieved a net profit in the first half of the year down 4.63% to 1.16 billion euros, on a turnover down 4.24% to 13.5 billion, according to a press release published on July 24, 2024. (Photo by STAN HONDA / AFP)
International

Michelin pauses some French tyre factories as demand falls

Michelin's sales fell 4.2 per cent year on year to 13.48 billion euros in the first half of 2024.
Transport & Logistics

Michelin’s half-year operating margin increases despite instability in Europe

Michelin has filed an appeal to the EU’s General Court in Luxembourg over the European Commission’s move, claiming the decision to launch the raids was based “on vague and insufficient elements.”
Transport & Logistics

Michelin challenges EU’s hunt for evidence of tyre cartel

Michelin has already invested more than 1 billion euros in Thailand with five plants and 8,000 workers, the government said in a statement issued during Prime Minister Srettha Thavisin’s visit to France.
Companies & Markets

Tyre maker Michelin to invest 300 million euros in Thailand

Sales at Michelin dipped 0.9 per cent last year to 28.3 billion euros (S$41 billion).
Companies & Markets

SUVs help keep Michelin profits rolling in

Michelin will cease operations at its Karlsruhe, Trier and Homburg sites by the end of 2025, affecting 1,532 jobs.
Transport & Logistics

Tyre maker Michelin announces closure of German sites

Michelin suspended its manufacturing activities in Russia on Mar 15 due to supply difficulties following Moscow's invasion of Ukraine.
Consumer & Healthcare

Michelin to transfer Russian operations to local management

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