Michelin

Michelin manufactures and distributes tires and wheelbase alloys to the automotive industry. Read more

Florent Menegaux's photo - Chairman & CEO of Michelin

Chairman & CEO

Florent Menegaux

CEO Approval Rating

93/100

Founded:

1889

Status:

PublicIndependent CompanyPAML

Annual Revenue
Employees
Headquarters
,
Auvergne

MICHELIN TOP COMPETITORS OR ALTERNATIVES

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Bridgestone is Michelin's top competitor. Bridgestone is a Public company that was founded in Chuo-ku, Tōkyō Prefecture in 1931. Bridgestone operates in the Automobile Parts industry. Bridgestone has 19,989 more employees vs. Michelin.

Goodyear has been one of Michelin's top competitors. Goodyear is headquartered in Akron, Ohio, and was founded in 1898. Goodyear is in the Automobile Parts field. Goodyear generates 49% the revenue of Michelin.

Continental is perceived as one of Michelin's biggest rivals. Continental was founded in 1871 in Hanover, Lower Saxony. Continental competes in the Automobile Parts field. Continental generates $20.7B more revenue than Michelin.

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Michelin Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$25.6B

Michelin's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 13.4B. Over the last four quarters, Michelin's revenue has grown by 41.1%. Specifically, in Q1 2021's revenue was $6.4B; in Q4 2020, it was $8.2B; in Q3 2020, it was $6.5B; in Q2 2020, Michelin's revenue was $4.5B.

Michelin Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
ConVeyBelts

Mar 2020

Source »
undisclosed
ConVeyBelts is a manufacturer and supplier of conveyor and fabric belts for mining, steel and transportation sectors.
Masternaut Limited

May 2019

Source »
undisclosed
Masternaut, a subsidiary of the Michelin Group, is a British telematics provider that offers vehicle tracking devices and software to help trucking companies, transit providers, and other fleet operators gain visibility and insights into their fleets, reduce operating costs, and improve safety and sustainability.
PT Multistrada Arah Sarana Tbk.

Jan 2019

Source »
$480M
MASA manufactures and distributes tires for two-wheeled and four-wheeled motor vehicles.
Tablet, Inc.

Dec 2018

Source »
undisclosed
Tablet is an online platform that allows users to search and book hotels for their vacation trips.
Camso, Inc.

Jul 2018

Source »
$1.4B
Camso is a designer, manufacturer and provider of pneumatic, airless and solid tires and tracks.

These are all the companies that Michelin has acquired. Michelin has acquired 19 companies and its latest acquisition was ConVeyBelts in Mar 2020. ConVeyBelts is a manufacturer and supplier of conveyor and fabric belts for mining, steel and transportation sectors.

Michelin Funding History

No recent funding data found related to Michelin

Michelin Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Pyrowave is an Ontario-based catalytic technology company that regenerates post-consumer and post-industrial plastics for industrial applications.
-
Apr 29, 2020
Series B
-
Tyreline is an importer and wholesale distributor of tire and lubricants for automotive, industrial, commercial and agricultural sectors.
-
Jan 31, 2018
Equity
-
SmartDrive develops a SaaS-based platform that offers fuel management and video telematics solutions for the transportation industry.
-
Oct 22, 2017
Unattributed
Sep 01, 2020
Allopneus is an e-commerce company that offers online retailing of automobile tires and related services.
$64.3M
Apr 16, 2015
Unattributed
-

These are all the companies that Michelin has invested in. Michelin has invested 19 companies and its latest investment was ConVeyBelts in Mar 2020. ConVeyBelts is a manufacturer and supplier of conveyor and fabric belts for mining, steel and transportation sectors.

Michelin News

June 14, 2021TireBusiness

Michelin adding pair of pre-mold retread designs

GREENVILLE, S.C. - Michelin North America Inc. is adding a pair of pre-mold retread designs to its po... See more »
June 11, 2021TireBusiness

Michelin, TR Wholesale earn top supplier honors from Honda

MARYSVILLE, Ohio - Michelin North America Inc. and TR Wholesale Solutions - Tire Rack Inc.'s wholesal... See more »
June 11, 2021MarketScreener

Maude Portigliatti to join the Michelin group Executive Committee as Executive Vice President, High Tech Materials

(marketscreener.com) PRESS RELEASE Boulogne-Billancourt-June 11, 2021 Maude Portigliatti to join the ... See more »
June 11, 2021ESI Africa

Michelin on redefining maritime mobility and the racetrack

Mobility company Michelin recently debuted two innovations that address some of the major challenges ... See more »
June 10, 2021SlashGear

Michelin Wing Sail Mobility project makes massive cargo ships more efficient

Michelin is a name that's most often associated with tires of all sorts. The company has a project th... See more »
June 9, 2021Retail News Asia

Michelin To Hike Tyre Prices In India, Africa And Middle East

read the original version on: www.retailnews.asia Michelin today announced that it will be hiking tir... See more »
June 8, 2021Rubber Journal Asia

Michelin debuts latest eco tyre with Enviro's recovered carbon black

French tyre manufacturer Michelin introduces a new sustainable racing tyre based on recovered carbon ... See more »

Michelin Press Releases

March 17, 2021PR Newswire

New MICHELIN BMX Racing Line Tires

GREENVILLE, S.C., March 17, 2021 /PRNewswire/ -- Michelin launched the MICHELIN® Pilot SX tire and th... See more »
February 17, 2021PR Newswire

Latest Porsche 911 GT3 to be fitted with MICHELIN Pilot Sport Cup tires

GREENVILLE, S.C., Feb. 17, 2021 /PRNewswire/ -- The seventh generation of the Porsche 911 GT3 (992), ... See more »
February 2, 2021PR Newswire

Michelin Joins 2021 Grand National Cross Country Racing Series as Featured Sponsor

GREENVILLE, S.C., Feb. 2, 2021 /PRNewswire/ -- Michelin announced a multi-year feature sponsor agreem... See more »
December 17, 2020ForImmediateRelease

TAT welcomes new Michelin stars as Thai culinary scene thrives

Bangkok, 17 December, 2020 - The Tourism Authority of Thailand (TAT) yesterday welcomed recent additi... See more »
December 16, 2020PR Newswire Asia

The 2021 MICHELIN Guide Thailand Unveils New Stars, with Sustainable Gastronomy & Culinary Ecosystem in Focus

Among 28 MICHELIN Stars in Total, One Restaurant Promoted to 2-Star Status, Plus 2 New Entrants and O... See more »

Michelin Videos

Social Media

Michelin Headquarters

Place Des Carmes Dechaux Cedex 9

Clermont-Ferrand, Auvergne63040

33-4-73-32-20-00

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Michelin Summary

ABOUT

Overview

Michelin manufactures and distributes tires and wheelbase alloys to the automotive industry. Michelin was founded in 1889. Michelin's headquarters is located in Clermont-Ferrand, Auvergne, FR 63040. Michelin's Chairman & CEO, Florent Menegaux, curren...

CEO

Michelin's Chairman & CEO, Florent Menegaux, currently has an approval rating of 93%. Michelin's primary competitors are Bridgestone, Goodyear & Continental.

Frequently Asked Questions about Michelin

  1. When was Michelin founded?

    Michelin was founded in 1889
  2. Who is Michelin's CEO?

    Michelin's CEO is Florent Menegaux
  3. How much revenue does Michelin generate?

    Michelin generates $25.6B in revenue
  4. How much funding does Michelin have?

    Michelin has historically raised $0 in funding
  5. Where is Michelin's headquarters?

    Michelin's headquarters is in Clermont-Ferrand Auvergne, FR
  1. How many employees does Michelin have?

    Michelin has 123,600 employees
  2. What sector does Michelin operate in?

    Michelin is in Automobile Parts
  3. Who are Michelin's competitors?

    Michelin's top competitors are Bridgestone, Goodyear, Continental
  4. Who has Michelin invested in?

    Michelin's has invested in companies such as Pyrowave, Tyreline Distributors, SmartDrive Systems, Inc.