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CONTINENTAL TYRE PRICES RISE 5% FOR CAR AND LIGHT TRUCK

By • Dec 1st, 2010 • Category: ! Product News

CONTINENTAL TYRE PRICES RISE 5% FOR CAR AND LIGHT TRUCK
 

 Starting from Dec 1, Continental AG will be increasing the list prices of summer and all-season tires for passenger vehicle and light truck tires in the Asian and Pacific replacement market by an average up to 5% in response to the currently very high price level for the main types of natural rubber used in the production of tires. At well over US$4 per kg, the prices for natural rubber are now at a historic high. The planned price rises affect all the car and light truck tire brands belonging to Europe’s market leader.

 “We are currently working on implementing this price increase right across Asia and the Pacific region in order to offset at least some of the substantial increases experienced this year in the cost of raw materials. The new prices will come into effect until 1st December 2010 in China, Taiwan, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Singapore” explained Dr. Andreas Esser, Head of the Business Unit Replacement Asia Pacific (APAC) for Passenger Car and Light Trucks Tires.

Natural rubber accounts for over 40% of a tire, making it one of the most important raw materials in tire manufacture – even though Continental is working vigorously to find alternatives to gradually replace it, without having to sacrifice tyre performance characteristics in the process

source: thestar

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