Hankook & Co. posted a 10.8% increase in year-over-year sales during the first quarter of 2022 thanks to "effective pricing and distribution strategies in major regions," according to company officials.
Michelin Group achieved 6.5 billion euros in sales during the first quarter, a 19% year-over-year increase. "Business benefited from a very favorable price-mix effect," according to Michelin officials.
The Michelin Group achieved a 16.3% year-over-year increase in sales during 2021, driven by an 11.8% rebound in tire volume and other factors. Michelin's operating income also grew significantly last year.