Michelin hikes sales volumes target after H1 rise

Newswire

PARIS, July 29 (Reuters) - French tyre manufacturer Michelin hiked its 2011 sales volume target after a rise in sales and profitability in the first half, and said its price increases were offsetting raw material price rises. The group said it would target a 2011 increase in sales volumes of about 8 percent, versus an earlier target of at least 6.5 percent, with market growth in the second half set to return to levels closer to those seen before the industry crisis. It confirmed a negative ...

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