GREENVILLE, S.C. (Dec. 6) — Michelin North America Inc. will increase prices — including back orders — on agricultural tires, effective Jan. 1.
The Greenville-based tire maker said prices on ag replacement tires sold in the U.S. and Canada will be hiked by an average 6 percent for the Michelin, Kleber and Taurus brands. BFGoodrich brand tires prices will be boosted by 3.5 percent.
Prices on R4 radial tires sold in the U.S. will be increased by an average of 5 percent across all compact line products, the company said.
Although Michelin did not cite a reason for the price hikes, over the past year more than a dozen tire makers have increased prices on various tire lines, blaming increased raw materials and related costs, with Michelin being one of the most active.