01 Capitalizing on our innovation leadership To build a sustainable future, Michelin has made innovation one of its growth engines, enabling it to create sustainable value by delivering solutions whose contribution to social and environmental progress is widely recognized by customers. The culture of innovation is an integral strand of Michelin’s corporate DNA. Michelin sees innovation as a critical enabler in successfully fulfilling its growth ambitions and meeting its environmental impact objectives. Its research and development teams, representing more than 6,000 people in nine R&D centers around the world, are pursuing three main pathways to the future: designing an All Sustainable tire by 2050, exploring the life-changing opportunities offered by materials science and data analytics, and driving the emergence of new services. This multi-pronged process is leveraging the Group’s rigorous, granular understanding of how customers use its products and its sophisticated proficiency in materials and complex industrial processes. These capabilities, acquired and honed in becoming the technology leader in tires, are now being used to offer innovative, disruptive solutions in adjacent markets with high technology content. With more than 12,000 active patents worldwide and an annual budget of close to €1.2 billion allocated to innovation in the broadest sense of the term, Michelin is recognized today as one of the planet’s “Top 100 Global Innovators.” “I’m proud to be a part of this extraordinary adventure, which will enable Michelin to remain the tire leader for decades to come. We’re preparing the transition to tires made from recycled or renewable materials – a colossal challenge demanding innovation in new materials and the emergence of new players to quickly scale up production.... 1891 1915 1910 Removable tire invented 1900 First MICHELIN Guide published First social innovations introduced, with schools, clinics, housing and sports facilities... Breguet aircraft produced 1929 Tire-mounted railcar designed 1931 Michelin road signs introduced Capitalizing on our innovation leadership Turning challenges into success Capitalizing on our innovation leadership 30 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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