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Michelin raises prices in Europe

Clermont-Ferrand, France – French tire-maker Michelin has announced price rises in the European replacement tire market due to an “increase in raw material costs – and especially natural rubber, butadiene and oil.”

In a 3 Feb statement, Michelin said the increase “may be up to 8%, depending on the tires, for the passenger car & light truck, truck, earthmover, agricultural and two-wheel segments.”

The price rises will be effective by the end-April 2017.

“Depending on the changes in raw material costs, the group may adjust the price…

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