The reporter was informed on July 29, 2011 that the world’s leading tire manufacturer France Michelin Group’s financial report recently announced that due to strong global demand, the Group’s sales in the first half of the year reached 10.1 billion euros (about 14.5 billion US dollars), a year-on-year increase of 21%; Net profit reached 667 million euros (about 960 million US dollars), an increase of 32%; global investment amounted to 554 million euros (about 800 million US dollars), an increase of 120%.
About Michelin
Michelin is the world's leading tire manufacturer with 111,000 employees and sales offices in more than 170 countries. Michelin is committed to the improvement of global sustainable mobility. The tires it designs, manufactures and sells are widely used in airplanes, automobiles, bicycles, heavy bulldozers, agricultural machinery equipment, heavy trucks, motorcycles, and even American space vehicles. At present, Michelin has 70 factories in 18 countries on five continents. In addition, Michelin also publishes travel guides, hotel and restaurant guides, maps, road maps, and electronic services through ViaMichelin.com. Michelin has technology centers in Europe, the United States, and Japan, providing Michelin with continuous support for R&D and technological innovation.
In 1989, Michelin established its first representative office in mainland China in Beijing. In the spirit of a century of innovation, Michelin brought advanced technology and high-quality products to China. At the end of 1995, Michelin Shenyang Tire Co., Ltd. was established. In 2001, Michelin (China) Investment Co., Ltd. was established in Shanghai. At present, Michelin has more than 6,400 employees and four factories in China, and has sales offices in Shanghai, Guangzhou, Chengdu, Shenyang, Xi'an, and Hong Kong. The sales network is all over the country.
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