Fives, Société Anonyme designs and supplies machines, process equipment, and production lines for aluminum, steel, glass, automotive, aerospace, logistics, cement, energy, and sugar sectors worldwide. Its Automotive/Logistics segment designs, manufactures, and installs equipment, machining systems, automated production systems, and fluid filling systems primarily for the automotive industry, as well as automated sorting systems for logistics, express parcel, postal, and distribution companies. The company’s Cement segment offers isolated equipment, such as burners, grinding mills, and material separators for the cement and mineral industries, as well as to the grinding shops and turnkey ceme...
27/29 rue de Provence
Founded in 1812
Michelin Group and Fives Group Join Forces and Create Fives Michelin Additive Solutions
Sep 8 15
Michelin and Fives announced the creation of a joint venture aimed at developing and marketing industrial machines and production Shops on a global scale via 'metal additive manufacturing' technology - commonly known as metal 3D printing. Under the terms of the agreement signed on September 4, 2015 in Clermont-Ferrand by Jean-Dominique SENARD, CEO of the Michelin Group, and Frederic Sanchez, Fives' Chairman of the Executive Board, FIVES MICHELIN ADDITIVE SOLUTIONS will be 50% owned by Fives and 50% by Michelin and will benefit from a financial contribution of at least EUR 25 million in the first three years. Initially, it will employ about twenty people from the Michelin and Fives teams and integrate additional expertise. The company will be located near Clermont-Ferrand. Through this joint venture, Michelin is able to leverage its expertise in innovative industrial processes. FIVES MICHELIN ADDITIVE SOLUTIONS will offer industrialists different areas of application (such as automotive, aerospace, health, etc.), a complete solution from the design and manufacture of machines and complete production lines to the related services (redesign of parts, definition of the manufacturing process, installation, production support, training, etc.). 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.