Michelin to Set Up JV Focused on Sustainable Rubber
12 September 2019 - 3:42PM
Dow Jones News
By Carlo Martuscelli
Compagnie Generale des Etablissements Michelin (ML.FR) said
Thursday that it is setting up a joint venture with Germany's
Continental AG (CON.XE) and France's SMAG to develop an application
to map natural rubber sustainability practices.
Yesterday, Reuters reported that the Michelin would work with
the other two companies to set up a venture to produce tires,
citing a document published by Germany's competition watchdog.
Continental is a manufacturer of automotive parts while SMAG
develops software for agricultural businesses.
Michelin said Thursday that while the collaboration will go
ahead, it won't be centered on tire production, but rather on
rubber sustainability software.
Further information will be made public soon, Michelin said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
September 12, 2019 01:27 ET (05:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Michelin (EU:ML)
Historical Stock Chart
From Mar 2024 to Apr 2024
Michelin (EU:ML)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Michelin (Euronext): 0 recent articles
More Michelin CGDEB News Articles