Michelin Confident About its US Price Increases

Recent market reports have stated that the latest price increases in the US passenger replacement market weren’t sticking. However Michelin is said to be confident that the price increases it instigated (key to offset raw material price increases) were sticking. Michelin passed two price increases in H1of three and five per cent.

According to Deutsche Bank the company also confirmed what it had already stated last summer; that the market may see a third set of price increases this year.