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Michelin in the World 23 AVRIL 2014 Operating Highlights MICHELIN FIRST QUARTER 2014 01_INVESTMENTS 04_PRODUCTS 09_RACING PARTNERSHIPS INNOVATIONS SERVICES INVESTMENTS Michelin in the world Michelin Canada announces it will reduce the production of small-size tires at its Pictou County plant in Nova Scotia between now and July 2015 (March 3, 2014) – Michelin is pursuing its All impacted employees will have the possibility of: operations at the Pictou County site and continuing to invest in Nova Scotia. • Transferring to another position at the Pictou County site or to another Michelin plant in Nova Scotia. Michelin in the world © Michelin Given declining demand for small-size car tires in North America, Michelin announced its plans • Working in the Group’s other two Canadian plants, Michelin, to reduce production at its Pictou County Nova both of which are located in the same province. a global presence: Scotia car and light truck tire plant over the next Europe, North America, 18 months, between now and June 30, 2015. • Taking early retirement. South America, Asia, Africa, India, Middle East Production to continue at Pictou County site Continued investment in Canada Hat Yai plant cuts the ribbon! Michelin has a long history of production Michelin remains the largest private manufacturer in at Pictou Country and will continue to be a Nova Scotia and has invested almost CAD (Canadian (April 2014) – Michelin has offi cially opened its signifi cant manufacturing employer. Dollar) 2 billion in its operations since its arrival in 1969. fi fth facility in Thailand. Located in Hat Yai, in Approximately 500 employees will continue to the Songkla province, it is the fi rst Group rubber work at the Pictou County plant after In the last 8 years, from 2005 to 2013, Michelin composite processing plant, and should make a July 1, 2015. invested CAD 587 million in its Nova Scotian real contribution to improving the performance of manufacturing operations. MICHELIN tires. The reduction of tire manufacturing at Michelin Pictou County will not aff ect Michelin’s other In 2014, Michelin is investing CAD 66.5 million in its “Today, it's both the end of one adventure, which two Canadian tire plants in Bridgewater and three Canadian plants. Michelin thus remains solidly included building and developing a technology, Waterville, Nova Scotia. anchored in Canada. and the beginning of a new venture, the start-up of this plant, which will make a brand new product that will contribute to the performance of Michelin All impacted employees will have the Accounting impact tires. It's the confi rmation of the importance of opportunity to continue working for Michelin Thailand to the Michelin group. We're now fi rmly To fi nance the project, the Michelin Group will book a implanted here, and it's one of our main suppliers provision of CAD 87 million in non-recurring expenses of natural rubber.” Said JEAN-CHRISTOPHE in its fi rst-half 2014 accounts. GUERIN - Director, Materials Product Line. The ramp-up of the Hat Yai plant should last until the third quarter of 2014. The new site will ultimately employ close to two hundred people. To fi nd out more: www.michelin.com 20140423_FM_EN WorldReginfo - 2b12273e-80ed-44d7-9fb8-89de2ec48fb1 PARTNERSHIPS The CEA, Michelin, Protéus and SDTech join forces to develop uses for scrap tires The Tire Recycling or TREC project, driven by Michelin, is designed to develop two innovative uses for scrap tires (January 28, 2014) – The two innovative uses for scrap In light of the growth forecasts for the global tire market, tires: demand for raw materials will increase considerably in the coming decades. 1) TREC Regeneration involves regenerating rubber As a result, the deployment of new solutions for using compounds to make new tires, used tires comes at a particularly good time. 2) TREC Alcohol will enable the production of a chemical By reincorporating recycled materials from used tires intermediate needed to synthesize raw materials used in in new tires on an industrial scale, the technologies tire manufacturing. developed by the TREC project will enhance levels of expertise in France by developing a circular economy in The alcohol derived from used tires will be included in TREC Regeneration & TREC Alcohol © Michelin synergy with existing channels. the BioButterfly butadiene production project alongside *Under a specific program to encourage projects focused on waste collection, sorting, recycling biomass alcohol from such sources as sugar, wood and TREC is backed by a €51 million budget extending and re-use. agricultural waste. over 8 years. TREC covers all stages of research and development France's Agency for the Environment and Energy processes, from the definition of scientific concepts to pilot Management (ADEME) will provide €13.3 million to testing and validation on an industrial demonstrator. Michelin and SDTech as part of the French government €51 million 8 YEARS “Investing in the Future” program.* To find out more: www.michelin.com RISK MANAGEMENT Michelin: innovating to improve risk management Michelin receives IFACI (Internal Audit and Risk Management French Institute) award Sustainability Yearbook 2014 © RobecoSAM (February 2014) – By merging its audit and risk management functions, Michelin has shifted the focus from internal control audits to a holistic risk management process. SUSTAINABLE DEVELOPMENT The internal audit teams have been assigned to assess the quality of the risk management systems. Michelin, Today, internal control and risk management have become effective management tools. "Silver Class"! (March 4, 2014) – Every year, investment specialist RobecoSAM assesses the Michelin Performance and Responsibility commitments, thereby enabling Michelin to be included in the "Dow Jones Sustainability Index" (DJSI) for the past 7 years. The Sustainability Yearbook recognizes companies that are leaders in their respective industries in terms of their worldwide sustainable development performance. The Group was awarded the Silver Class distinction, which is reserved for companies whose score is within 1% to 5% of the sector leader. © Michelin Michelin, a better way forward To find out more: http://yearbook.robecosam.com/ To find out more informations about Michelin group: www.michelin.com WorldReginfo - 2b12273e-80ed-44d7-9fb8-89de2ec48fb1 2 MICHELIN CHALLENGE DESIGN 2014 The podium of the 2014 Michelin Challenge Design The winners of the 2014 Michelin Challenge Design were designated and honored by the jury at the North American International Auto Show (NAIAS) © Michelin / Chris Luchowiec (January 15, 2014) – They were chosen from the 15 finalists shortlisted from among the 900 original participants from 74 countries in Detroit. BOT Autonomous Cab - Chris Luchowiec On the podium of the 2014 Michelin Challenge Design were Chris Luchowiec from Poland in first place; Chuang Dong, Zhen Qui and Haowen Deng from China on the second step and Takbeom Heogh from South Korea in third. from900 74 countries participants “Michelin Challenge Design provides a window into the future of sustainable mobility as technical innovations, societal needs and consumer demands take us into dramatically different directions,” said Thom Roach, vice president of original equipment marketing for Michelin created the annual Michelin Challenge Design to celebrate, promote, publicize Michelin North and South America. and give visibility to original creative thinking and innovation in vehicle design. “The scope of change and the speed at which change is taking place makes this an By embracing and supporting design, Michelin aims to establish a closer relationship exciting time for designers and technical innovators. Every year, the number of entrants in with the design community, combining technical innovation with transportation design to the Challenge is impressive, as are the quality and range of designs submitted. create vehicles that consumers want to buy and will enjoy driving. We are deeply grateful to the design leaders who comprise our jury and help us to identify and recognize creative designs from all over the world.” To find out more: www.michelinchallengedesign.com HISTORY 2014, the year of the Centennial 1914-1918: Michelin, an innovative force in society Michelin’s commitment to serving soldiers and their In 1914, the French military had only 120 aircrafts. Aware of the historical importance of this tragic event, families Ever true to their convictions, the Michelin brothers the Michelin brothers also had an original idea for suggested to the French government that they transform commemorating the war. In 1917, they published a (April 2014) – In September 1914, a tire storage depot their workshops to manufacture airplanes. collection of illustrated guides to the battlefields. Totaling several stories high was entirely fitted out as a hospital that around 30 volumes, the collection constituted an would treat more than 3,000 wounded until the war was The first 100 were provided free of charge and the rest encyclopedia of events during the “Great War.” over. sold at cost. In all, nearly 2,000 airplanes were produced in The solidarity between the mobilized personnel and those Clermont-Ferrand between 1915 and 1919, including the In 2014, through its corporate foundation, Michelin is that remained in Clermont-Ferrand was evident in the celebrated Bréguet XIV, nicknamed the “victory plane.” supporting an exhibition of photographs by Michael mail and packages shipped. Thousands of letters were St. Maur Sheil called “Fields of Battle – Lands of exchanged, making it possible to stay in touch and uphold Peace 14-18” showcasing the lands where the Great the soldiers’ morale. To help mothers whose husbands War took place. were on the front, Michelin introduced a system of family The exhibition reflects the desire to keep the collective allowances in 1916. memory alive as a way to preserve the peace. The exhibition is displayed on the fence surrounding the In all, 3,405 workers and other employees would take part Luxembourg Gardens in Paris through August 4, 2014. in the fighting. Nearby, in front of the main building of the French Senate, there is a 16- x 9-meter map designed by Michelin Travel Original innovations Partner mapmakers.
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