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Companies / France

Michelin Inflates Prices To Cover Rising Costs

August 2006 | Company News Alert

French tyre manufacturer Michelin is fighting back against the negative effects of soaring prices for raw materials. The company says it will charge carmakers between 6% and 8% more for tyres used in new passenger cars and trucks. The price hikes will be effective as from October 1 2006 and will apply to sales worldwide.

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