Clermont-Ferrand, France – French tire-maker Michelin has announced a 10% rise in sales in the three months ended 31 March, with a 7.3% increase in volumes.
In a 20 April statement, the company said sales rose to €5.6 billion, due in part to replacement demand growth ahead of price increases.
In early February, Michelin announced price increases of up to 8% for the passenger car & light truck, truck, earthmover, agricultural and two-wheel vehicle tire. The price rises will be effective by the end-April 2017.
The company observed…