GREENVILLE, S.C. (July 1, 2008) – As a result of continuing increases in raw material, energy and transportation costs, Michelin North America is increasing prices:
• The Michelin Group will raise the price of its aircraft tires by up to 9 percent as of July 1, 2008.
• Passenger and light truck replacement tire prices will increase by up to 12 percent on Michelin®, BFGoodrich®, Uniroyal®, private and associate brand tires sold in the United States effective Sept. 1, 2008.
• Commercial truck tire prices will increase by up to 8 percent on Michelin® and BFGoodrich® brand commercial truck replacement tires sold in the United States effective Sept. 1, 2008. This price increase will also apply to Michelin Retread Technologies (MRT) retreads.
• Motorcycle, scooter and bicycle tire and tube prices will increase by up to 15 percent on Michelin® brand products sold in Canada, Mexico and the United States effective Sept. 1, 2008. All two-wheel products delivered after Aug. 31, 2008 will be invoiced at the new price.
Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, motorcycles and the space shuttle. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (www.michelin-us.com) employs more than 22,300 and operates 19 major manufacturing plants in 17 locations.
