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Michelin (/ ˈ m ɪ ʃ əl ɪ n, ˈ m ɪ tʃ əl ɪ n / MISH-əl-in, MITCH-əl-in, French:), 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.
Hutchinson Tires Inoue Rubber [41] Japan: 1926 IRC Tires Kelani Tyres Sri Lanka: 1990 CEAT [42] Kenda Rubber [43] Taiwan: 1962 Kenda, Kenda radial Kumho Tires [44] [45] South Korea: 1960 Admiral, Marshal, Kumho, Zetum, Trailfinder [46] Madras Rubber Factory [47] India: 1946 MRF Tyres: Michelin Group [48] France: 1889
Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer based in the city of Milan, Italy.The company, which has been listed on the Borsa Italiana since 1922, [3] is the 5th-largest tyre manufacturer, [4] and is focused on the consumer production of tyres for cars, motorcycles and bicycles.
In February 2008, Michelin bought the remaining shares of Tigar Tyres for $47 million. With this acquisition, Michelin would become 100 percent owner of the company by 2010. [3] In 2012, Michelin planned to invest 170 million euros in production capacity and employ 700 more workers over 5 years. [4]
However, because Michelin chose to conclude its Formula One tire programme at the end of the 2006 season, all teams used Bridgestone tires from the 2007 season to the 2010 Formula One season. On 2 November 2009, Bridgestone announced that they would not be renewing their contract to supply tires to Formula One teams after 2010.
Nokian Tyres' three principal activities are the manufacture of passenger car tyres, heavy commercial tyres, and retail tyre sales. [24] As of 2008, Nokian is the most profitable tyre manufacturer in the world, [25] [26] at up to 18% earnings (before taxes and interest) relative to sales, compared to 14% at Bridgestone, 8% at Michelin, and 9.6% at Continental.