ERJ staff report (DS)
Paris - Michelin has published its annual report (called the registration document) for 2011. The report includes a wealth of information including the capacity and employment numbers at each of its factories worldwide. In addition, Michelin says, â€œWith â‚¬1.7 billion invested in 2011, Michelin has returned to an active capital expenditure strategy. The program will be further expanded in the years ahead, with the commitment of nearly â‚¬2 billion a year from 2012 to 2015.â€œ
The company has said it will focus especially on market segments and geographies which have fast-growing volumes.
The company added, â€œBacked by the powerful synergies between our supply chain, logistics, production and marketing teams, a transformation plan is
underway to upgrade supply chains and logistics systems, in order to improve fulfillment rates, further reduce inventories and enhance manufacturing flexibility and responsiveness.â€
Michelin quotes ERJ data (published in our sister magazine Tire Business) to represent global market shares. The data shows Bridgestone has 16.1 percent global share, Michelin has 14.8 percent and Goodyear has 11.2 percent.
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Download the report from Michelin