Report: Michelin-licensed rubber JV to start operation in Q2 ‘18

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Jakarta – A Michelin-licensed synthetic rubber manufacturing plant in Indonesian is 93.5% complete and set to start production in spring, according to a news report.

The facility is to be operated by PT Synthetic Rubber Indonesia (SRI), a joint venture company of Michelin and PT Chandra Asri Petrochemical Tbk (CAP).

Read the source article at European Rubber Journal

Tire maker Michelin posts higher 2017 profits, warns of currency hit

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PARIS (Reuters) – French tire maker Michelin reported higher profits for 2017 while warning of a likely hit from foreign exchange movements.

Net income rose 1.6 percent last year to 1.693 billion euros (1.52 billion pounds), the company said on Monday. Analysts polled by Inquiry Financial for Reuters had given a median net income forecast of 1.67 billion euros.

Read the source article at Stock Market Quotes and News

Menegaux to succeed Senard as Michelin CEO in 2019

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CLERMONT-FERRAND, France — Group Michelin’s board of directors is recommending Florent Menegaux, senior executive vice president and chief operating officer, to succeed Jean-Dominique Senard as CEO when Mr. Senard’s term expires in 2019.

Read the source article at Tire Business

Michelin settles design patent lawsuit with Tire Mart

ST. LOUIS — Michelin North America Inc. has reached a settlement with Tire Mart Inc., d.b.a. Braven Off-Road, in a design patent lawsuit brought last year by Michelin.

Read the source article at Tire Business

Hyundai, Michelin developing tires for electric vehicles

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CLERMONT-FERRAND, France—Hyundai Motor Co. has entered into a technical partnership with Michelin to develop tires for electric and luxury vehicles.

The co-operative deal links the companies’ research and development work and will enable Hyundai to strengthen its capabilities in tire performance technology, the South Korea car maker said.

Hyundai representatives visited Michelin’s R&D center in Clermont-Ferrand to sign the agreement.

“Within the partnership, Hyundai Motor and Michelin will work together to develop a new all-season tire for electric vehicles,” Hyundai said.

Read the source article at Rubber and Plastics News

Michelin’s Clark Elected to USTA Board

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Scott Clark, chairman and president of Michelin North America, has been elected to the U.S. Tire Manufacturers Association’s Board of Directors.

“We are very pleased to welcome Scott to the USTMA Board of Directors,” said Anne Forristall Luke, USTMA president and CEO. “His deep and diverse experience with Michelin in the U.S. and abroad will bring unique perspectives to our Board and we look forward to his input and engagement.”

Read the source article at Tire Review

Michelin previews Acorus in Detroit

Michelin previewed the Maxion Flexible Wheel with its Acorus technology for the first time in North America at the North American International Auto Show (NAIAS) in Detroit (13 – 29 January).

Read the source article at Tyrepress

Former Uniroyal President Sheldon Salzman Dies

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Sheldon Salzman, former president of the Uniroyal Goodrich Tire Company, died December 26, 2017, in Florida at the age of 87.

Active in the tire industry for over 35 years, Salzman joined the Naugatuck, Connecticut chemical division of the U.S. rubber company where he held various manufacturing, research and development positions. He became head of its engineering development department in 1965.

Read the source article at Tire Review

Michelin, Pirelli tops 2017 Replacement Tire Owner Satisfaction ratings

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Michelin and Pirelli return to the top two spots in AutoPacific‘s 2017 Replacement Tire Owner Satisfaction Awards after being edged out by Goodyear and Bridgestone last year. The study, now in its 7th year, identifies the most satisfying replacement tire brands using owner ratings for 17 different tire attributes. Released last month, the results place Michelin 1st, followed by Pirelli. Bridgestone and Goodyear drop to 3rd and 4th rank, respectively.

Read the source article at Traction News

Michelin pushes for universal testing of worn tires

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DETROIT—Citing safety, performance, economic and ecological reasons, Michelin North America is calling on the vehicle and tire industries to consider adopting testing procedures for partially worn tires.

Read the source article at Rubber and Plastics News