UPDATE 1-Michelin hikes sales volumes target

Newswire

* H1 net sales up 21 pct to 10.1 bln eur * H1 oper income up 19 pct to 971 mln eur, 9.6 pct margin * Targets FY sales volume rise of 8 pct, vs at least 6.5 pct (Adds more details from statement, link to Goodyear) PARIS, July 29 (Reuters) - French tyre manufacturer Michelin hiked its 2011 sales volume target after a first-half rise in sales and profitability and said its price increases were offsetting raw material price rises. Raw material inflation as well as the impact of the ...

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