Price Increases Announced at Michelin and Oliver Rubber

As a result of continuing increases in raw material, energy and transportation costs, Michelin North America is increasing prices between 6 and 36 percent on Michelin, BFGoodrich and Klber brand Agricultural and Compact Line tires and tubes sold in the United States and Canada, effective July 1, 2008.
Back orders of record as of June 30 will benefit from price protection until July 31, 2008.
Oliver Rubber Company will increase prices for its retread rubber products by 5 percent effective June 1, 2008.