Posted on January 31, 2017

Michelin North America Announces Broad Price Increase

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GREENVILLE, S.C., Jan. 31, 2017 —Michelin North America will increase prices up to 8 percent for its passenger, heavy-truck, earthmover, industrial-handling, agriculture and two-wheel segments across all of the Company's brands in the United States, Canada and Mexico. The increase will be implemented separately by individual segments; customers will be notified directly with specific details. This increase represents Michelin's first since 2012, comprising net effects of raw material prices as well as the Company's market-leading technology enhancements, innovations and other market conditions.
                 
 

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About Michelin North America

Michelin is building a world-leading manufacturer of life-changing composites and experiences. Pioneering engineered materials for more than 130 years, Michelin is uniquely positioned to make decisive contributions to human progress and to a more sustainable world. Drawing on its deep know-how in polymer composites, Michelin is constantly innovating to manufacture high-quality tires and components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies and healthcare. The care placed in its products and deep customer knowledge inspire Michelin to offer the finest experiences. This spans from providing data- and AI-based connected solutions for professional fleets to recommending outstanding restaurants and hotels curated by the MICHELIN Guide. Headquartered in Greenville, S.C., Michelin North America, Inc. has approximately 23,500 employees and operates 36 production facilities in the United States (michelinman.com) and Canada (michelin.ca).