Michelin announces price hikes

Due to increasing raw material costs, Michelin North America is increasing prices on its Michelin earthmover and industrial replacement tires up to 7%, effective Feb. 1, for tires sold in the U.S., Canada and Mexico

The company announced it also will increase prices on Oliver and MegaMile retread rubber products up to 7%, effective Jan. 3, for products sold in the U.S.