Michelin to Close BFGoodrich Plant in Tuscaloosa, 1,200 Jobs Affected
Michelin North America announced on Thursday the gradual closure of its BFGoodrich production facility in Tuscaloosa, Alabama, with a dismantling schedule extending until the end of 2028. The consolidation of manufacturing at the Fort Wayne, Indiana site aims to address structural inefficiencies, as both American plants of the brand are operating well below capacity.
Closure of the Tuscaloosa Plant Between Early 2027 and End of 2028
Michelin North America will proceed with the gradual dismantling of operations at the BFGoodrich site in Tuscaloosa, Alabama. The timeline begins in early 2027 and will conclude by the end of 2028. The plant, acquired in 1990, manufactures passenger car tires under the BFGoodrich brand and currently employs about 1,200 people. Nearly all production will be consolidated at the Fort Wayne, Indiana site.
Two Sites Operating Well Below Capacity
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The two American BFGoodrich sites are operating significantly below their design capacities, creating structural inefficiencies deemed unsustainable by the group. The consolidation of operations at the Fort Wayne site is expected to produce a more efficient industrial structure and reduce these excess costs. This reorganization is part of an effort to optimize production capacities.
Accounting Charge of 220 Million Euros in 2026
Michelin will record a provision of approximately 220 million euros for non-recurring expenses in its consolidated financial results for the year 2026. This provision covers the costs associated with the closure of the Tuscaloosa plant.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 19 175 millions d'euros
Quarterly revenue: 19 175 millions d'euros
Revenue growth: -0,5 %
Guidance from the release
Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
