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Michelin North America announces price increases

Greenville, S.C. - As a result of continuing increases in raw material, energy and transportation costs, Michelin North America is increasing prices on the following product lines.

- Passenger and light truck replacement tire prices will increase by up to 12 percent on Michelin, BFGoodrich, Uniroyal, private and associate brand tires sold in the United States effective Sept. 1, 2008.

- Commercial truck tire prices will increase by up to 8 percent on Michelin and BFGoodrich brand commercial truck replacement tires sold in the United States effective Sept. 1, 2008. This price increase will also apply to Michelin Retread Technologies (MRT) retreads.

- Motorcycle, scooter and bicycle tire and tube prices will increase by up to 15 percent on Michelin brand products sold in Canada, Mexico and the United States effective Sept. 1, 2008. All two-wheel products delivered after Aug. 31, 2008 will be invoiced at the new price.

Courtesy: Michelin North America Inc.

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Posted by Jigar Gondalia on 15 July, 2008 1:51:36 PM IST #


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