Michelin notes rise in butadiene prices

Clermont-Ferrand, France – Groupe Michelin has spent €2.6 billion in raw materials purchases in the first half of 2017, according to the tire-maker’s half-year presentation on 25 July.

In the six months to end of June, Michelin’s biggest spending was on natural rubber representing 28% of the purchases, closely followed by synthetic rubber which covered 26% of the purchases.

Fillers and chemicals came respectively after the rubber materials with 16% and 14% of purchases, followed by steel cord at 9% and textiles at 7%.

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