Michelin invests $3 million in Clemson research

GREENVILLE, S.C. - Michelin has announced it will invest $3 million over five years to become a partner in Clemson University's automotive research park.

The tire-maker said Thursday it plans to endow a professorship at the new park and is working with the Clemson University International Center for Automotive Research to find matching funds to increase the total endowment.

"This is a direct investment and statement of confidence in the quality academic education Clemson provides," university president James Barker said.

The investment will allow Michelin to improve the performance and efficiency of its tires, company officials said.

The endowed professorship also gives Michelin a voice on the center's proposed advisory board.

The auto park will be built on 400 acres along Interstate 85 in Greenville.

Clemson University officials say it will be a world-class graduate program and will provide research for the auto industry. The center also could become a hub for motorsports.

"This is not only an investment in the future of tire technology, but the future of South Carolina as a leader in automotive technology development," said Jim Micali, chairman and president of Michelin North America.

BMW already has announced a partnership with the automotive park, saying the center will help the German automaker stay ahead of competitors in the development of new vehicles and maintain the company's reputation for performance and reliability.

Gov. Mark Sanford attended Thursday's announcement and said it was a significant step forward for the park. Shortly after his election in 2002, Sanford said the auto park plan needed more scrutiny, but later put his support solidly behind the center.

"I am excited to see how quickly this park is coming together," Sanford said.