Malaysian Retreading Association Increases Prices

The Tyre Retreading Manufacturers’ Association of Malaysia has announced the second price rise this year for retreaded tyres. This latest round of increases takes effect on July 1 and will see prices go up by between 5 and 18 per cent.

According to a June 12 report in the country’s China Press newspaper, service charges at retail tyre outlets will also increase by 20 per cent. Quoting a spokesman for the retreading association, the daily reported that manufacturers are finding it hard to cope with current conditions. “Initially the association wanted to increase the price of tyres by 25 per cent. But fearing a backlash from consumers, we decided to raise it to between 5 per cent and 18 per cent.”