Michelin will hike ag, OTR tire prices

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.