Tyre manufacturer news - Goodyear to Increase
Commercial Tyre Prices
10 Apr 07
By Emily Henry
Contributing Writer
Goodyear has announced plans to increase the price of
its commercial tyres by up to 5 per cent. The price
increase is set to affect Goodyear, Kelly and Dunlop
brands of medium truck tyres. Goodyear also plans to
hike the price of its OTR tyre tread rubber by up to 5
per cent. The price alterations will take effect on
April 2nd 2007.
By announcing price alterations, Goodyear joins a host
of top tyre companies increasing costs in the run up to
summer. Many of the companies have declared that the
price readjustments are a responsive action to an
increase in the cost of raw materials.
As tyre rubber becomes more expensive, the effect on the
tyre market has been made clear by the recent
announcements from premium tyre companies such as
Yokohama, Pirelli and Toyo. After a strain of price
alteration announcements, the pressure on tyre companies
from the shifting cost of materials is apparent.
The affect on Goodyear, which is considered the largest
tyre company in the world, indicates that the bulk of
the tyre market has felt the pinch from the rising price
of raw materials and inflated production costs.
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