Michelin warns rising rubber prices will impact profits.Michelin, the world's second-largest tire manufacturer, which recently reported slumping Slumping is a categorical description of an area of techniques for the forming of glass through the use of heating glass to the point where it becomes plastic. It is generally formed by the force of gravity. profits for 2003, has warned that higher rubber prices, due to strong demand, could weigh on weigh on
to be oppressive or burdensome to: the expectations that weigh so heavily on diplomats' wives
Verb 1. profits again in the year to come. Chairman Edouard Michelin
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.
2. by an 87% surge in demand from China, prices could rise by another 10-15% in 2004. However, it was noted that while raw materials will remain expensive, the international rubber price is still 17% below the peak that was reached in 1995.