Michelin - Mm Course Iobm

A better way forward

MI CH EL IN aims, objectives & values

A better way forward

Presenters • • • • • • •

AdeelAkbar Ali (9316) Ehsan W. Ahmad (2404) Harris Zubair (9143) Kanwal Shahab (7605) Nouman Aslam (8313) Wahaj UlHuda (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 everyModern stage of the automotive Key to Ceaseless Transport Economic adventure. Innovation Development

Development

A better way forward

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

Competitive landscape of the world tire market: - Michelin: 17.1% - Bridgestone: 16.9% - Goodyear: 14.9% - Continental: 5.9% - Pirelli: 4.5%

A better way forward

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 A better way forward

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.

– – – – – –

“Make a sustainable contributio n to road mobility

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

A better way forward

Global Footprints 68 production sites in 19 countries West Europe: 31

sites North America: 19

East Europe: 7

sites

sites

Asia: 6

sites Africa: 1

site South America: 4

sites

A better way forward

Organization Managing Partners: M. Rollier, D. Miraton and JD. Senard

Car & Light Truck Product Line Truck Product Line

Mark et

Technology Centre

Group Executive Council (GEC)

Specialty Product Line Other Operations

4 Performan

9 Group Services

Strategy Leverage differentiation, Accelerate growth, Strengthen competitiveness • Michelin’s Sustainable Development approach, called “Michelin Performance and Responsibility”, is fully integrated into the Group’s action plans

• • •

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;

A better way forward

Michelin’s Performance & • 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 Respect Respect Respect Respect

for for for for for

Customers People Shareholders the Environment 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. A better way forward

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 longterm satisfaction of our customers. Jean-Michel Guillon Corporate Vice

• 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

A better way forward

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; Jean-Michel Guillon Corporate Vice

“Michelin North America has invested millions of dollars in the communities where employees live and work.”

▫ our employees, ▫ our industrial and commercial partners, ▫ public authorities, ▫ non-governmental organizations, ▫ the media or local communities where we are implanted.

A better way forward

Respect for Shareholders

Jean-Michel Guillon Corporate Vice

• 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. A better way forward

Respect for Facts • When we develop our tires we put them to the test in real world conditions. This is testing the facts. Jean-Michel Guillon Corporate Vice

• 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.

A better way forward

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.

A better way forward

Corporate Social Responsibility (CSR) Triple Bottom Line

Corporate Citizenshi p

Communi ty Investme

Business Ethics Environmental Responsibility

Sustainab ility

A better way forward

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.

A better way forward

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. A better way forward

Key Mobility Enabler • Passenger Car Light Truck Technological Leader MICHELIN, the driver’s favorite brand • Truck No.1worldwide the leader in hightech 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

A better way forward

Business

A better way forward

Tires

Inventiveness in movement Cars, two-wheel vehicles, trucks, construction machinery, tractors, aircraft… Michelin provides innovative solutions for the different operating

A better way forward

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.

A better way forward

Pakistani Parallel Company IttehadChemical 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. A better way forward

Pakistani Parallel Company

IttehadChemical Limited The 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 A better way forward

Pakistani Parallel Company

Michelin & IttehadChemical Limited

A better way forward

Pakistani Parallel Company

Michelin & IttehadChemical Limited

A better way forward

What Emblematic Characters Mean to

Donald McDonald

Mr. Jeem – Geo TV Energizer Bunny

A better way forward

3 Statements that Changed the World Mission / Vision / Values  "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

VisionAR Y  MissionA

A better way forward

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.

A better way forward

Please feel easy to ask any

Questions!

A better way forward