French tire manufacturer Michelin and Fives, an industrial engineering group, have teamed up for a joint venture aimed at developing and marketing industrial machines and production shops for metal 3D printing.
The agreement for “Fives Michelin Additive Solutions” was signed at the beginning of September, with 50% owned by each of the two companies and € 25 Million to be invested over the next three years. About 20 people from the teams of Michelin and Fives will be employed at the location near Clermont-Ferrand, France.
The new company will offer complete solutions from the design and manufacture of machines and complete production lines to the related services for industrial mass production.
The French company Fives develops and supplies machines and production systems for various industries and brings experience in mechanical engineering, automation and industrial process control. Michelin has been developing expertise in metal additive manufacturing to produce mould parts on an industrial scale, which makes them able to develop and market high performance truck and car tyres.
“Fives and Michelin aspire to position FIVES MICHELIN ADDITIVE SOLUTIONS as a key player in the growth market of metal additive manufacturing. The aim is to build on the complementary expertise of the two groups to become a world leader in the segment of industrial solutions for mass production.“