MICHELIN sees rising sales, profit in 2011

French tyremaker Michelin sees sales volume and profit rising again in 2011 after sharp improvements in 2010, as it hikes prices to offset rising raw material costs. Michelin said on Friday (February 11) rising raw material costs would have a 1.5 billion euros ($2 billion) impact on operating income in 2011, but 75 percent of that was offset by price increases already announced or

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