Beijing – Due to the strong rise of raw material costs, Michelin (China) Investment Co., Ltd will increase the prices of passenger car and light truck replacement tyres from 3% to 7% depending on its different brands (Michelin, Warrior, BF Goodrich) and product ranges. This price increase will be effective in June.

Michelin relies on its global industrial presence backed by a sales network in some 170 countries. Michelin, World Number 1 Tire Manufacturer.

In 2007, Michelin producted 191 million tires and 17 million maps and guides.

The replacement tire market, in the Passenger Car-Light Truck and the Truck markets, represents some 70% of our sales in volumes. Accordingly, before being a equipment supplier for vehicle manufacturers, Michelin is primarily a player on the consumer market for passenger cars and motorcycles and on the professional consumer goods market for light and heavy utility vehicles.

Courtesy: Michelin Tyre plc, China

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Posted by Naresh Koshti on 10 May, 2008 5:23:26 PM IST #