According to French media reports, the French tire manufacturer Michelin Group has launched an industrial tire named "XLineEnergy" series at the time of the Hannover Commercial Vehicle Show in Germany. These tires are designed for long-distance transport vehicles and industrial vehicles that travel on highways and national highways. design. On November 1, 2012, the European Union’s tire labeling law will take effect. The new regulations regulate the performance of tires used in professional transport vehicles in terms of safety, energy saving, and noise reduction. Similar legal mechanisms will also apply to private individuals. Tires for cars. The new XLineEnergy tires will be produced by Michelin's European factory. The original tires will be available in November 2012. Spare tires will be available for sale in February 2013. On the morning of September 20, 2012 in Paris, although the CAC40 reference index fell by nearly 1% in Paris, the price of Michelin's stock fell only 0.4% to 62.5 euros per share. The major rating agencies are optimistic about the development prospects of the Group. Oddo (Oddo) has rated Michelin as "buy" and set its stock target price at 75 euros per share. The company pointed out that on September 19, Michelin raised its profit forecast for 2015. At the end of July 2012, Michelin stated that it will adjust its original business objectives for 2015 in September. The Group’s free cash flow in 2012 is expected to be in the range of EUR 300 million to EUR 400 million before selling the property on Breteilil Avenue in Paris for EUR 110 million (instead of the 269 million EUR previously mentioned). This year, Michelin's total tire sales will be reduced by 3% to 5%, 2013 is the transition period, after which the group's sales in 2014 will increase by 4% to 5%. Michelin's operating profit target in 2015 was raised from the previous 2.5 billion euros to 2.9 billion euros. Group capital expenditures will be between 1.6 billion euros and 2.2 billion euros, which means that the average annual capital expenditure is 2 billion euros. Otis Securities believes that Michelin has sufficient ability to maintain long-term profit, so it set the target price of the group stock at 75 euros per share. In addition, Exane, the securities division of BNP Paribas, also has confidence in the development of Michelin. The division rated Michelin as a "outperform" and raised the target price of the company's shares by 13%. The stock reached 77 euros. Water-Cooled Portable Generator,Home Standby Generators,Diesel Mobile Genset Series Huaxin Electric Motor Co., Ltd. , http://www.wfgenerator.com
Michelin is optimistic about the prospect of pushing new industrial tires