Michelin North America Inc. will hike prices on its Michelin brand agricultural tires sold in the U.S. and Canada by an average of 3.5% on Aug. 1.
On the same day, Michelin will raise prices on its Michelin earthmover tires sold in the U.S. and Mexico by 3%.
The hikes are necessary because of escalating raw material prices, say Michelin officials.
