Michelin says 2004 was a good year; warns of material shortages

Clermont-Ferrand, France–Groupe Michelin has appointed Michel Rollier (finance director) to the post of managing partner, alongside Edouard. Michelin and René Zingraff. Speaking at the annual shareholder meeting, Edouard Michelin said Michelin is now clearly the world’s market leader, with a share above 20 percent. He said sales had grown by nearly 60 percent in the new markets of eastern Europe, Asia, South America and the middle east.

Michelin added that the comapny expects raw materials prices to, at best stabilise, but more likely to increase…

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