Nankang Raises European Prices 6 – 8%

Nankang Rubber Tire Corp., Ltd has increased production prices across its entire range of passenger, 4×4, SUV, van and snow tyres effect 20 April. Nankang said the price increases are due to the escalation of raw materials and energy-related expenses. “We appreciate the support and understanding of our customers. It was a very difficult decision to raise prices, and we need relative income to maintain same service to our valued customers,” said Eric Shih, Nankang Tire manager of export department. According to the company, Nankang last raised prices in November 2009.