GREENVILLE, S.C. (Jan. 31, 2017) — Michelin North America Inc. is increasing 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 U.S., Canada and Mexico.
Michelin cited the net effects of raw material prices for the need to raise prices. This increase represents Michelin's first price increase since 2012, the Greenville-based tire maker said.
The increase will be implemented separately by individual segments; customers will be notified directly with specific details, Michelin said.
Michelin becomes the latest tire maker or importer/distributor to announce price increases.