Michelin to Increase European Truck Tyre Prices

Michelin has announced that will increase the price of its truck tyre products by an average of 4.4 per cent. Michelin representatives in Europe told Tyres & Accessories that the price rise would come into effect tomorrow (1 March 2007). According to the French tyre manufacturer, the price increase was triggered by the continuing high cost of raw materials, and specifically rubber prices.