Oliver raises prices

Michelin’s wholly owned subsidiary, Oliver Rubber Company, has announced it will increase prices 5% for its retread rubber products due to raw material costs, effective June 1, 2008.

In addition, Michelin North America announced it will increase prices between 6% and 36% effective July 1, 2008 on Michelin, BFGoodrich and Kléber brand agricultural and compact line tires and tubes due to increases in raw material, energy and transportation costs, the company said.

According to Michelin, back orders of record as of June 30 will receive price protection until July 31, 2008.