Michelin - MM Course IOBM

MICHELIN

A better way forward

aims, objectives & values

Presenters

• Adeel Akbar Ali (9316)• Ehsan W. Ahmad (2404)• Harris Zubair (9143)• Kanwal Shahab (7605)• Nouman Aslam (8313)• Wahaj Ul Huda (6694)• Fahad Rehman (9404)


History

In 1889 two brothers, André and Edouard Michelin, embarked one of the great human and industrial adventures of our times: one that shaped and continues to drive progress in modern means of transport through constant innovation

From the invention of radial tires to that of Pax System, and from the first gastronomic guide to the steel wheel, Michelin has played an active role at every stage of the automotive adventure.Modern Transport

Development Ceaseless Innovation Key to Economic Development


At a Glance

• The world's No. 1 tyre producer - with around 20% market share

• Company employs nearly 125,000 employees across all continents.

• Sales network covers 170 countries.• Every year, Michelin's 74 production

sites in 18 countries produce 180 million tyres as well as 22 million maps and guides.

• Best Logo of the Century in 2000

Competitive landscape of the world tire market:

- Michelin: 17.1%- Bridgestone: 16.9%- Goodyear: 14.9%- Continental: 5.9%- Pirelli: 4.5%


Bibendum – Michelin Man

The Michelin Man – the living tire

• First created in 1898 by imagination of Michelin brothers and paintbrush of talented post artist O’Galop. Bidendum was immediately a great success, depending on the period and current tire innovation, he evolves to remain always in phase with this time.


Michelin’s Mission

• Michelin’s mission is to contribute to the progress of mobility for both goods and people and beyond to social progress through an enhanced travelling experience through greater ease, safety, efficiency and comfort.

• To this end, Michelin supports its operations as world tire leader with a range of mobility enabling products and services for individual and business users.

– Michelin OnWay,– Michelin Fleet Solutions,– Michelin Euro Assist,– ViaMichelin,– Michelin Maps and Guides,– Michelin Lifestyle Products.

“Make a sustainable contributionto road mobility progress”


Global Footprints

North America: 19 sites

South America: 4 sites

Africa: 1 site

Asia: 6 sites

East Europe: 7 sites

West Europe: 31 sites

68 production sites in 19 countries


OrganizationManaging Partners: M. Rollier, D. Miraton and JD. Senard

Group Executive Council (GEC)

Europe North America

South America

Africa Middle

East

Asia Pacific China

Car & Light Truck Product

Line

Truck Product Line

Specialty Product Line

Other OperationsTe

chno

logy

Cen

tre

4 PerformanceDepartments

9 Group Services

Mar

ket

Strategy

Leverage differentiation, Accelerate growth, Strengthen competitiveness

Michelin’s 5 key objectives for 2010:• Annual volume growth upwards of 3.5%, stronger

on the higher added-value segments;• Operating margin upwards of 10%;• Inventory capped at 16% of net sales;• A minimum 10% Return on Capital Employed;• Significantly positive and recurring free cash flow.

Michelin’s Sustainable Development approach,

called “Michelin Performance and Responsibility”, is fully integrated into the Group’s

action plans and projects.


Michelin’s Performance & Responsibility

• Michelin’s Performance and Responsibility is the Michelin Group’s Sustainable Development approach, based on the daily implementation in their actions and decisions of their five fundamentals values.

Respect for CustomersRespect for PeopleRespect for ShareholdersRespect for the EnvironmentRespect for Facts

• This approach is a concrete expression of their choice of a balanced and responsible development, geared to better technical, economic, social and environmental performance in the service of better mobility.


Respect for Customers

• The very core of the company’s mission is to serve its customers; our long-term existence and growth depend on the long-term satisfaction of our customers.

• Primary responsibility is to provide our customers with;▫ safe products,

▫ suitable for their intended use,

▫ high manufacturing quality,

▫ highest levels of quality in terms of reliability,

▫ expectations and compliance with deadlines and costs

Jean-Michel GuillonCorporate Vice President


Respect for People

• We intend to continue the Michelin Group’s global expansion through the development of good relations which are mutually beneficial for all our stakeholders be they;▫ our employees,

▫ our industrial and commercial partners,

▫ public authorities,

▫ non-governmental organizations,

▫ the media or local communities where we are implanted.


“Michelin North America has invested

millions of dollars in the communities

where employees live and work.”


Respect for Shareholders

• The Life Cycle Assessments (LCA) have clearly shown that the impacts of tires on the environment and human health are mostly due to fuel consumption, and thus to rolling resistance and not to the tire production phase or end-of-life collection and processing.

• However, we are keen to reduce the impact of our tires during production and end-of-life phases:▫ by implementing an Environmental Management

System (ISO 14001 certification)

▫ by promoting product recycling solutions,

▫ by drawing value from used tires in the form of energy or materials.



Respect for Facts

• When we develop our tires we put them to the test in real world conditions. This is testing the facts.

• This pragmatic attitude is applied in all our activities: from the manufacturing workshops on a daily basis and over the long term with all our interlocutors, be they;▫ members of our teams,

▫ customers,

▫ partners,

▫ public authorities,

▫ journalists, etc.



Corporate Social Responsibility (CSR)


• Corporate Responsibility is a form of corporate self-regulation integrated into a business model.

• CSR policy functions as a built-in, self-regulating mechanism whereby business ensures their adherence to law, ethical standards, and international norms.

• It’s the responsibility for the impact of their business activities on the environment, consumers, employees, communities and stakeholders.

http://en.wikipedia.org/wiki/Corporate

http://en.wikipedia.org/wiki/Self-regulation

http://en.wikipedia.org/wiki/Business_model

http://en.wikipedia.org/wiki/Norm

Corporate Social Responsibility (CSR)


CommunityInvestment

TripleBottom

Line

Sustainability

BusinessEthics

CorporateCitizenship

EnvironmentalResponsibility

Examples of CSR


• Pakistan Telecommunication Company Limited employees have contributed their one day salary that amounts Rs. 20 million for the support of internally displaced people of Swat and other affected areas.

• PTCL keeping with its healthy tradition of supporting non-governmental organizations recently donated a sum of Rs.2.5 million to the SOS Villages.

Examples of CSR


• PSO has undertaken a wide range of initiatives to support several educational programs. Such initiatives include instituting gold medals, cash awards and scholarships for top students of leading professional institutes including IBA, LUMS, UET, NED University.

• With the help of Heritage Foundation, PSO helped building of two schools in earthquake affected area of Mansehra, whereas five more schools are in the pipeline in collaboration with Citizens Foundation.

• PSO has installed direction signs and traffic signals at major streets and thoroughfares as part of its public service campaign.

Key Mobility Enabler

• Passenger Car Light Truck Technological Leader MICHELIN, the driver’s favorite brand

• Truck No.1worldwide the leader in high-tech tires• Earthmover World No.1 in surface mine earthmover

radial tires• Aircraft World No.1 for Aircraft radial tires• Agricultural Europe’s No.1 for Agricultural radial tires


Business

Michelin Tires

Michelin Travel Assistance

Michelin Lifestyle

Michelin Engineering & Services


TiresCars

Motorcycles, Bicycles

Heavy Vehicles

Civil Engineering

Agriculture

Aviation

Inventiveness in movement

Cars, two-wheel vehicles, trucks, construction machinery, tractors,

aircraft… Michelin provides innovative solutions for the

different operating conditions corresponding to each vehicle.


Presence in PAKISTAN

Michelin Collaboration

In 1981, Anis Tire Corporation joined hands with Michelin Tires as their sole distributors for

Pakistan and as the first distributor to import radial tires in the country. With the help of the alliance with Michelin, Anis Tire Corporation

revolutionized the tire market.


Pakistani Parallel Company

Ittehad Chemical Limited

• The Factory was commissioned in 1964• Started off production with an initial installed capacity

of 60 MT/day Caustic Soda and 54 MT/day of Chlorine. • After nationalized in 1973 , renamed as Ittehad

Chemicals by the Government, put under control of the Federal Chemical and Ceramics Corporation Limited (FPCCL).

• In 1983 , the production capacity of Ittehad Chemicals was further increased to 150 MT/day of Caustic Soda and 135 MT/day of Chlorine.

• Ittehad Chemicals was ultimately privatized in July 1995, with the Management having been taken over by the Chemi Group of Industries.


Pakistani Parallel CompanyIttehad Chemical LimitedThe mission of Ittehad is to be:

• A Company built on sound financial footings that achieves excellent operating results through efficiency and cost control

• A Company that consistently benefits its stakeholders through enhanced quality and profitability

• A Company that achieves a high level of customer care service by providing quality products and positive feedback

• A Company that provides excellent working environment to its employees that assists in enhancing their strengths and abilities, create cultures that foster motivation and promote individual growth

• A Company that contributes towards a good corporate citizenship and sets highest standards in serving the society


Pakistani Parallel CompanyMichelin & Ittehad Chemical Limited

Michelin ICL

Respect for Customers Establish health, safety and environment continuous improvement goals based on sound science, risk assessment and benefit analysis, measure, audit and communicate performance.

Respect for People Comply with all relevant laws, regulations and company procedures related to safety, employee's health, environment, quality and public health as a minimum standard of acceptable practice.

Inspect facilities regularly and maintain them in a safe operational conditions.

Respect for Shareholders A company that Consistently benefits its stakeholders through enhanced quality and profitability


Pakistani Parallel CompanyMichelin & Ittehad Chemical Limited

Michelin ICL

Respect for Environment

Provide management leadership and share accountability for continuous improvement in health, safety and environment performances.

Incorporate health, safety and environment considerations into the development, manufacture, distribution, use and disposal of existing and new products.

Respect for Facts Provide customers, contractors and shippers with information relevant for the proper distribution and usage of the product.


What Emblematic Characters Mean to Public


Mr. Jeem – Geo TVJustice, Equality and Rights

Energizer - BunnyKeep Going ™

Donald McDonaldHappiness & Joy

3 Statements that Changed the World


Mission / Vision / Values

VisionARY MissionARY

"Your organization's Vision Statement is the picture of the future you want for the organization."

The Mission is the doing part - it is what you will do to bring that vision to reality.

A Values Statement provides the tools for the organization to accomplish that.

“Favorite example of this everyday usage is Prophet Muhammad (PBUH). Prophet was a visionary. He saw the potential, the possibilities for making life better. His missionaries carry his work and his words to the world, putting his vision into practice”

Conclusion


• Michelin's mission is to progress and advance mobility.

• 'Performance and Responsibility' approach continues to play a leading part in new developments in tyres, maps, guides and many other services that are concerned with mobility.

• Michelin has established clear aims and objectives which demonstrate its plans to provide a satisfactory and sustainable response.

• The company is committed to publish, every two years, a Performance and Responsibility Report monitoring its progress.

Please feel easy to ask any Questions!For more information login: www.michelin.com


Michelin - MM Course IOBM

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