Michelin Quarterly Sales Rise 5% on Demand for Specialty Tires
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Michelin & Cie., the world’s second-largest tiremaker, said first-quarter revenue rose 5.1 percent on higher demand for specialty tires to equip earthmovers, aircraft and agricultural vehicles.
Sales advanced to 5.3 billion euros ($6.96 billion) from 5.1 billion euros a year earlier, Clermont-Ferrand, France-based Michelin said in a statement today.