Polymer Composite Solutions: mission-critical applications Michelin is capitalizing on its innovation capabilities and unrivaled technological leadership to offer customers high value-added, very high technology content products that are known as “mission-critical,” because without them and them alone, with no possible alternative, a system or process could not function. If a mission-critical product is missing or if it fails, the entire system becomes inoperative, with major consequences for the continuity and profitability of our customers’ operations. Thus, in the same way that a car with a defective tire cannot be driven, Michelin is the trusted partner for these highly value-creating industries, offering end-to-end solutions to optimize customer operations. In 2024, our Conveyors business in Australia provided more than 1.5 million hours of facilities maintenance for its mining customers. Polymer Composite Solutions Turning challenges into success 01 This open innovation mindset, which has historically been our strength in tires, is now being extended organically to our other composite products. What can you tell us about FCG’s integration one year on? The main challenge in the integration process has been to bring in the full power of the Michelin Group, while preserving the agility of the FCG Group’s various business lines. The Polymer Composite Solutions Division has developed a dedicated integration model for these new operations, to ensure impeccable compliance with Michelin Group standards, while supporting their independent management. This first year has enabled us to put these principles to the test, and from now on they’ll be applied to all new acquisitions. In this way, while pursuing the integration process, the teams have continued to develop solutions to secure the resilience of their operations and strengthen their position in growth markets, such as railways and personal protective equipment. This successful acquisition and FCG’s subsequent trajectory mean that we can look forward with confidence to the future growth of the Polymer Composite Solutions Division as part of the Michelin Group. MICHELIN ResiCare unveils its new, innovative araminolic adhesive resin First developed nearly 20 years ago, non-toxic, high-performance bio-based resins are currently used in the production of 80 million MICHELIN tires. Leveraging a dedicated R&D team and a new partner ecosystem, MICHELIN ResiCare now offers a broad range of solutions for such diverse markets as manufacturing, transportation, construction, aerospace, defense, electronics and electrics. On December 12, 2024, the Group officially unveiled all the potential of its new araminolic chemistry capabilities to more than 170 leading manufacturers eager to transition to more people and environmentally-friendly manufacturing practices. a defective conveyor in a mine far away means up to 50 days of unplanned downtime. Given that a conveyor can move up to several hundred thousand euros of ore an hour, this can have business-critical consequences for the customer. a faulty seal on the steam circuit of a power plant can adversely impact the plant’s entire electricity output. a defective conveyor belt in a logistics warehouse can cause a business interruption costing more than €100 thousand an hour. 41 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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