Michelin Announces Tyre, Oliver Rubber Tread Price Increases
Michelin in North America has announced price increases for some of its own tyre lines and for products manufactured by the Michelin owned Oliver Rubber Company. Continuing increases in raw material, energy and transportation costs are said to be behind these latest price rises.
Michelin North America will, effective July 1, 2008, increase prices between 6 and 36 per cent on Michelin, BFGoodrich and Kléber brand agricultural and compact line tyres and tubes sold in the US and Canadian markets. The company adds that back orders of record as of June 30 will benefit from price protection until July 31, 2008. The Oliver Rubber Company will increase prices for its retread rubber products by 5 per cent, effective June 1, 2008.