MICHELIN ANNOUNCES PRICE INCREASE IN THE AFRICA, INDIA & MIDDLE EAST REGION

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Michelin in the Africa India & Middle East region will increase its tyre prices by up to 8 percent across all segments.

This price revision addresses the increase of raw material cost, natural rubber in particular, global transportation cost and other market factors.

This increase is effective March 2021 and is applicable to all MICHELIN Group brands.

About Michelin:

Michelin, the leading mobility company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has more than 127,000 employees and operates 69 tire production facilities which together produced around 200 million tires in 2019.