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Analysts: High Natural Rubber Price to Impact Michelin

(Clacton, U.K./Tyres & Accessories) Michelin’s budget for raw material costs is expected to increase by 11 per cent year-on-year in 2006.

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However, Deutsche Bank analysts report that natural rubber is up 15 per cent so far this year.

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“Natural rubber (RSS3) represents 25 per cent of raw material (24 per cent of sales or 4 billion euros), therefore should the natural rubber stay at these levels this would imply a discrepancy of around. 75 million euros on budgeted margins,” the analysts explained.

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