The Clermont-Ferrand-based company, which got its start way back in 1889 and is one of the top three tire manufacturers on the planet, has announced this new joint venture agreement with industrial engineering group Fives, which has been in business themselves for over two centuries.
The new company that will spawn from the JV will be called Fives Michelin Additive Solutions, and both Fives and Michelin will be equal 50% partners in the venture. The two
The new company, which will be located near Michelin’s headquarters in Clermont-Ferrand, France, will concentrate on manufacturing and marketing industrial machines on a global scale, and while the exact technology used within these new metal printers has not yet been revealed, they intend to cater to a variety of industries. The automobile industry may be key for the company as Michelin has already been developing an expertise in the additive manufacturing space over the last several years when it comes to developing tires with exceptional performance and unique geometries for both cars and trucks.
Fives, on the other hand, will bring a long history of expertise within the industrial equipment space, as well as a long list of clients, some which they have been working with for multiple decades. Their experience when it comes to automation, industrial process control, and mechanical engineering should go a long way in solidifying this new joint venture.
A total of thirty employees from both Fives and Michelin will be assigned to the new company, while addition expertise will be brought in from outside the companies to complement them.
It will be interesting to see what eventually comes from this partnership as we stay tuned for further details on timing, possible technologies involved, and possible additional partnerships. Let us know your thoughts on this new partnership in the Fives Michelin Additive Solutions forum thread on 3DPB.com.