Compagnie Generale des Etablissements Michelin SCA

PAR:ML

Business Description

Sector

Consumer Discretionary

Industry

Auto Components

Headquarters

France FR

Employees

115 800

IPO date

Jan 7, 1985

Compagnie Generale des Etablissements Michelin is a tire company. It designs, makes, and sells tires for cars, trucks, motorcycles, buses, aircraft, farm equipment, and heavy industrial vehicles. It also sells related services such as fleet tire management, roadside support, and data tools that help commercial customers monitor and maintain tires.

Most of Michelin’s money comes from selling tires through dealers, original equipment makers, fleets, and replacement channels. Car owners buy its consumer tires, while trucking companies, airlines, farmers, construction firms, and public transport operators buy products built for their vehicles and work conditions. The company also earns from services tied to tire use, especially in commercial fleets where uptime and tire life matter.

Michelin stands out because tires are not just a product for it; they are part of a larger business around mobility and operating efficiency. Its products have to meet strict safety and durability needs, and customers often choose based on performance, wear life, fuel use, and service support. That makes Michelin a key supplier in the transportation chain, especially where reliability and total cost of ownership matter most.