Michelin Truck & Bus Tyre Prices to Rise in Asia Pacific
Ever escalating raw material, energy and transportation costs are continuing to make their presence felt with global tyre makers. The latest to announce price increases as a result of these factors is Michelin, who has announced prices for truck and bus tyres sold in the Asia Pacific region will rise by up to 12 per cent. These new prices will be implemented between July and September 2008.
The latest price increase follows a number recently announced by the Michelin Group, including up to 8 per cent for numerous US market segments and, in Europe, up to 3.5 and 3.9 per cent for passenger car and truck tyres, effective spring 2008.