Conti Tyre Prices to Increase in Asia

On June 18 Continental announced that, as of September 1, prices will increase for replacement market tyres sold in Asia by up to 10 per cent. In outlining the price rises, the company commented that “the market price for natural rubber, a key component used in tyres, continues to increase, while the price of oil and derived products, such as synthetic rubber and carbon black remain at historic high levels.” It added that this increase will only partially offset the raw material cost increases.