Michelin Reassure Over US market

Michelin has held a meeting in New York where it announced that it is currently utilising its US truck capacity by 100 per cent. The market, which was up six per cent in H1, has dropped in the last two months, especially in the mass market when high performance tyres kept growing.

The company claimed that its price increases in the US are holding however, as they have already commented, they do not think that US customers can cope with a 3rd price increase this year. The company also claims that it doesn’t need another price increase to meet its 04E targets.