Michelin

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Michelin is a renowned French company established in 1889, primarily known for its Michelin Tyres and various other ventures. The company has made significant contributions to the automotive industry, particularly with the development of the radial tire construction method, which they introduced in 1946 after acquiring Citroën in 1934. This innovation revolutionized tire technology due to its superior handling and fuel efficiency compared to traditional bias-ply tires.

Apart from tires, Michelin is famous for its Michelin Guide, a prestigious series of guidebooks that have been published since 1900. The Michelin Guide is highly regarded in the culinary world for awarding up to three Michelin stars to exceptional restaurants.

These stars are a symbol of culinary excellence and are coveted by chefs and restaurants worldwide. The guide also includes Red and Green travel guides, roadmaps, and features the iconic Michelin Man, Bibendum.

The Michelin Guide’s influence extends beyond the automotive industry into gastronomy, where its star ratings can make or break a restaurant’s reputation. Despite being a tire company, Michelin’s expertise in quality assessment has earned them respect in the culinary realm. The Michelin stars are a mark of distinction that can significantly impact a restaurant’s success and prestige.

In conclusion, Michelin is not only a leading tire manufacturer but also a key player in the culinary world through its highly esteemed Michelin Guide. The company’s legacy of innovation in tire technology and its role in recognizing culinary excellence with Michelin stars have solidified its reputation as a multifaceted and influential entity in both the automotive and gastronomic industries.

Citations:
[1] https://en.wikipedia.org/wiki/Michelin

Michelin (Wikipedia)

Michelin (/ˈmɪʃəlɪn, -læ̃/, French: [miʃlɛ̃]), in full Compagnie Générale des Établissements Michelin SCA ("General Company of the Michelin Enterprises P.L.S."), is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental. In addition to the Michelin brand, it also owns the Kléber tyres company, Uniroyal-Goodrich Tire Company, SASCAR, Bookatable and Camso brands. Michelin is also notable for its Red and Green travel guides, its roadmaps, the Michelin stars that the Red Guide awards to restaurants for their cooking, and for its company mascot Bibendum, colloquially known as the Michelin Man, who is a humanoid consisting of tyres.

Michelin
Native name
Compagnie Générale des Établissements Michelin SCA
Company typePublic
Euronext ParisML
CAC 40 Component
IndustryAutomotive
Founded28 May 1889; 134 years ago (1889-05-28)
Founders
Headquarters,
France
Area served
Worldwide
Key people
  • Florent Menegaux (Managing General Partner, CEO)
  • Michel Rollier (Chairman of the Supervisory Board)
  • Yves Chapot (General Manager, CFO)
RevenueIncrease 28.59 billion (2022)
Increase €3.4 billion (2022)
Increase €2 billion (2022)
Total assetsDecrease €15.341 billion (2022)
Total equityDecrease €7.808 billion (2022)
Number of employees
132,000 (2022)
Subsidiaries
Websitemichelin.com/en
Footnotes / references

Michelin's numerous inventions include the removable tyre, the pneurail (a tyre for rubber-tyred metros) and the radial tyre. Michelin manufactures tyres for Space Shuttles, aircraft, automobiles, heavy equipment, motorcycles, and bicycles. In 2012, the group produced 166 million tyres at 69 facilities located in 18 countries.

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