01 Expertise nurtured by an open innovation ecosystem An open innovation mindset is an integral part of Michelin’s corporate culture, where it is helping to drive progress and open up promising growth opportunities The Group also works with other stakeholders, including start-ups, university laboratories and companies involved in European projects. In France, for example, it has partnered with Clermont Auvergne University and the National Centre for Scientific Research, CNRS, to create Factolab, a public-private laboratory dedicated to exploring the “industry of the future.” It is also involved in the SoftManBot project developing technology for handling soft materials and in the BlackCycle and WhiteCycle recycling consortia. Artificial intelligence-driven engineering Process runs are leveraging the full potential of artificial intelligence, which the Group is using to develop robotic solutions purpose-designed for the complex handling of flexible composites. To drive the faster introduction of AI capabilities in its production facilities, Michelin is cooperating with Microsoft and other global industry leaders. Engineering that supports the Group’s All Sustainable vision Michelin is pursuing its commitment to designing tires made entirely from renewable or recycled materials by 2050. To fulfill it, the Group is rethinking its manufacturing process to address the fact that bio-based materials do not have the same properties and mechanical characteristics as conventional materials. The challenge lies in harmoniously blending process development and an All Sustainable approach in ways that reduce the environmental impact of the Group’s operations. An appetite for disruptive innovation Throughout its history, Michelin has developed a myriad of game-changing innovations. Thanks to its proficiency in composites guiding and assembly processes, its ability to standardize processes and its expertise in manufacturing multi-technology assembly machines, the Group is fully capable of process engineering these types of innovations for mass production. These core competencies underpin its presence in such markets as mobility, construction, aerospace, low-carbon energies and healthcare. DESIGNING AND ENGINEERING DEDICATED PROCESSES Our distinctive capabilities Turning challenges into success 34 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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