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Michelin

Michelin in Motion 2030, 2021 to 2030

We care about giving people a better way forward
Michelin’s purpose

Michelin in Motion 2030

Michelin in Motion 2030 keeps Michelin growing in tyres, where its technology makes the difference, and takes what it knows about materials beyond them, into composites for industry, aerospace, energy, and health care. It measures itself on people, profit, and planet together, which it calls All-Sustainable.

Revenue and segment operating margin in the first half of 2026, €12.7 billion in all.

Fields of growth24

Tires

“Michelin is targeting premium and specialty tires, in which its technologies make the difference and are valued.”

  • Premium and specialty. Grow in premium and specialty tyres, where its technology is valued.
  • Electric mobility. Use its technological lead to go with the growth of electric vehicles.

Consumer tyres earned a 12.5% operating margin in the first half of 2026, and Specialties 14.1%.

Transportation tyres earned 5.9%.

Connected solutions

“The Group is relying on its historic understanding of uses and its know-how in data processing from connected objects.”

  • Fleet services. Offer fleet management services and connected solutions built on mobility data.

25

Polymer composite solutions

“Michelin wants to enhance its unique expertise in the physics and chemistry of high-tech materials, by introducing breakthrough innovations on high-potential and demanding fields.”

  • Flexible composites. Make coated textiles, films, conveyor belts, seals, and inflatable structures for industry, aerospace, energy, and health care.
  • Engineered polymers. Make engineered polymers, technical composite materials, and bio-based resins under the ResiCare brand.
  • Acquisitions. Grow by buying specialists: Cooley Group, Tex Tech Industries, and Flexitallic in 2026.,

Polymer composite solutions became a reporting segment of its own in 2026. Its revenue rose 14% to €728 million in the first half, at a 13.6% margin.

20% to 30% of sales from beyond the tyre by 2030

Michelin takes its knowledge of high-tech materials into markets far from mobility.,

Coated textiles
Films
Conveyor belts
Seals
Inflatable structures

Markets

  • General industry
  • Aerospace
  • Energy
  • Health care

Bought in 2026

  • Cooley GroupIndustrial coated fabrics for health care devices, waterproofing, and the environment.
  • Tex Tech IndustriesSpecialty textiles, including thermal protection for spacecraft and fire-resistant materials for aircraft.
  • FlexitallicHigh-performance gaskets for energy and the chemical industry.

All-Sustainable

Michelin sets targets for 2030 for people, profit, and planet alike. Beyond 2030, it aims for tyres made entirely of renewable or recycled materials, and net zero emissions, by 2050.

People

employee engagement
85%
employee engagement
women in executive positions
35%
women in executive positions

Profit

of sales made beyond the tyre
20–30%
of sales made beyond the tyre
growth a year from 2023 to 2030
About 5%
growth a year from 2023 to 2030

Planet

renewable or recycled materials in tyres
40%
renewable or recycled materials in tyres
CO₂ emissions against 2010
−50%
CO₂ emissions against 2010

  1. Take what you know somewhere new.

    Michelin’s composites business uses the materials science it built for tyres in markets far from cars, from spacecraft heat shields to industrial seals, and it earns a higher margin than most of its tyres. We recommend asking which of your skills would be worth more in someone else’s market.

  2. Compete where your technology is paid for.

    Michelin aims its tyres at premium and specialty markets, where its technology makes the difference and customers value it. We recommend choosing the segments where your advantage shows in the price, rather than chasing volume everywhere.

  3. Set targets for people and planet beside profit.

    All-Sustainable gives each of people, profit, and planet its own 2030 targets, from employee engagement to recycled materials. We recommend giving the non-financial parts of a plan numbers as firm as the financial ones.

Sources

  1. 1. Michelin (2026). Strategy for 2030: Michelin in Motion. Michelin, accessed 28 September 2026. michelin.com
  2. 2. Michelin (2026). Our purpose and our values engage us. Michelin, accessed 28 September 2026. michelin.com
  3. 3. Michelin (2026). Michelin is growing beyond the tire. Michelin, accessed 28 September 2026. michelin.com
  4. 4. Michelin (2026). Michelin announces two projects of acquisition, aiming at reinforcing its Polymer Composite Solutions business. News release, 2 January 2026. michelin.com
  5. 5. Michelin (2026). Michelin to acquire Flexitallic, accelerating growth in Polymer Composite Solutions. News release, 2026. michelin.com
  6. 6. Michelin (2026). Financial information at June 30, 2026. Results, 27 July 2026. michelin.com

Headwater is not connected with the Compagnie Générale des Établissements Michelin. Michelin, ResiCare, Cooley, Tex Tech, and Flexitallic are trade marks of their owners. Updated 28 September 2026.

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