Michelin to hike farm tire, Oliver prices

May 28, 2008

Michelin North America Inc. will raise prices on its Michelin, BFGoodrich and Kleber brand farm tires and tubes between 6% and 36%, effective July 1. Price hikes will apply to products sold in the United States and Canada.

Also on the same day, Michelin will raise prices for its Oliver tread rubber products by 5%.

Michelin says the hikes are necessary due to rapidly escalating raw material prices.