Posted by: africanpressorganization | 1 March 2011

Michelin Africa, India and Middle East (AIM) Increases Prices by up to 12%

Michelin Africa, India and Middle East (AIM) Increases Prices by up to 12%

DUBAI, UAE, March 1, 2011/PRNewswire via African Press Organization (APO) / — In the news release, “Michelin Africa, India and Middle East (AIM) Increases Prices by up to 12%” issued on 1 Mar 2011 05:00 GMT, by Michelin AIM over PR Newswire, we are advised by a representative of the company that the dateline Date and distribution time need to be changed.

Complete, corrected release follows:

In the face of continued and accelerating escalation of raw material costs, Michelin Africa, India and Middle-East (AIM) is maintaining its firm and responsive pricing policy. Prices of all product ranges will be increased in Africa, India and Middle-East as follows:

– All motorcycle and scooter tyres will increase by up to 8%

– All truck tyres, accessories, tubes and flaps and treads will

increase by up to 12%

– All passenger car tyres will increase by up to 8%

– All agricultural tyres, backhoe and skid-steer tyres will

increase by up to 7.5%

– All earthmover, TP and industrial tyres as well as accessories

will increase by an average of 6%

The price increases reflect the raw material escalations up to January of this year only, and will take effect on April 1, 2011 (1).

(1) Will take effect on March 1 in Saudi Arabia for logistics reasons.

ABOUT MICHELIN:

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, motorcycles and the US space shuttle. Michelin employs 109,000 people in more than 170 countries and operates 72 production sites in 19 countries throughout five continents. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases and offers electronic mobility support services, on ViaMichelin.com.

Michelin AIM (Africa, India, Middle East) is headquartered in Dubai, UAE, with a mission to support the company’s commercial growth ambitions in this very diverse region.

(http://www.michelin.com)

Source: Michelin AIM

Michelin Media Contact: Laila Tayebi, +971(0)4-807-8149, laila.tayebi@ae.michelin.com .

SOURCE

Michelin AIM


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