Michelin raises Oliver, MegaMile retread prices

April 1, 2010

Michelin North America Inc. (MNA) has raised prices on its Oliver and MegaMile brand retread products 4% to 7%.

MNA officials say the increase was necessary due to "the continued escalation of raw material costs." (Michelin acquired Oliver Rubber Co. from Cooper Tire & Rubber Co. in 2007.)