Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 14, 2006 02:00 AM

Michelin views NR price hikes as an R&D challenge

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    PARIS (June 14) — Michelin faces continued pressure on earnings from rising raw material costs, but CEO Michel Rollier views the challenge as a chance for innovative companies like Michelin to tackle the dilemma internally through cost-control measures and research and development.

    Rollier, who took over the sole CEO two weeks ago following the death of Edouard Michelin, made his comments to journalists June 10 attending the company's Challenge Bibendum forum for — sustainable mobility.ö

    ·Our world is ruled by expensive commodities, — said Rollier, who acknowledged Michelin was — very surprisedö by rising NR prices. He said NR accounts for about 25 percent of the firm's commodities costs and the firm's R&D is working constantly on ways to improve the company's ability to substitute synthetic rubber for natural where possible.

    Rollier ruled out Michelin's expanding its natural rubber holdings in light of the NR price situation. He said Michelin obtains only about 4 percent of its annual NR needs from its own plantations in Brazil and Thailand but added that the knowledge it gains from harvesting rubber on its own proves valuable in dealing with independent suppliers of NR.

    Rollier also assured the public that he's in charge, that Michelin will follow the strategy developed under Edouard Michelin's guidance, and that Challenge Bibendum would continue, although the company did not announce when or where the next one would take place.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    European rubber recycling gaining 'unprecedented traction'
    2
    Align Capital adds N.H. distributor to Marco Rubber & Plastics portfolio
    3
    Supply chain ‘scramble' likely to continue into 2023
    4
    Industry braces for return of Superfund excise taxes
    5
    Bridgestone christens Firestone race tire plant
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION