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OE price hikes rare but necessary.(News)(original equipment)

By Dawson, Brad
Publication: Rubber & Plastics News
Date: Monday, February 9 2004

Byline: Brad Dawson

Tire price increases for the original equipment market aren't frequent, but industry analysts say even auto makers sometimes feel their suppliers' pain and agree to pay more.

Michelin North America Inc. and Bridgestone/Firestone North American Tire L.L.C. each announced price hikes for OE customers in December, resulting primarily from ever-rising raw material costs.

Greenville, S.C.-based Michelin said it will raise passenger and light truck tire prices for the North American market during the first quarter of 2004. BFS said i

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