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Michelin announces truck, farm tire price hikes

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Michelin North America Inc. (MNA) is increasing prices on two commercial tire product lines.

"Commercial truck tire prices will increase by up to 4% on Michelin and BFGoodrich brand tires sold in the United States," say MNA officials. The increase will be effective June 1.

Meanwhile, Michelin, BFGoodrich, Kleber and Taurus brand farm tires sold in the U.S. and Canada will take a price increase of up to 3% effective July 1.

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