63 PUY-DE-DOME. CLERMONT-FERRAND. 4,5% Obligation de F1000. blue, grey. #300000. No 146405. Two brothers, Edouard and André Michelin, ran a rubber factory in Clermont-Ferrand, France. One day, a cyclist whose pneumatic tyre needed repair turned up at the factory. The tyre was glued to the rim, and it took over three hours to remove and repair the tyre, which then needed to be left overnight to dry. The next day, Edouard Michelin took the repaired bicycle into the factory yard to test. After only a few hundred meters, the tyre failed. Despite the setback, Edouard was enthusiastic about the pneumatic tyre, and he and his brother worked on creating their own version, one which did not need to be glued to the rim. Michelin was incorporated on 28 May 1888. In 1891, it took out its first patent for a removable pneumatic tyre. Michelin has made a number of innovations to tyres, including in 1946 the radial tyre. It was developed with the front-wheel-drive Citroën Traction Avant and Citroën 2CV in mind. Michelin had bought the then bankrupt Citroën in the 1930s. In 1988, Michelin acquiredthe tyre and rubber manufacturing divisions of the American B.F. Goodrich Company founded in 1870. Two years later, it bought Uniroyal, Inc., founded in 1892 as the United States Rubber Company. As of 1 September 2008, Michelin is again the world's largest tyre manufacturer after spending two years as number two behind Bridgestone. Michelin produces tyres in France, Germany, USA, United Kingdom, Canada, Brazil, Thailand, and several other countries. Border of rubber-tree leaves, and underprint oflogo.
Date: 15 Sept. 1930
Startprice: € 50