Federal Tires’ prices to go up from 1 March

Federal Tires has announced that it is raising prices the prices of its passenger car and light truck tyres by up to 12 per cent with “in-line adjustments for all onward orders and remaining back orders.” According to a statement issued 14 February, the price increases take effect on 1 March 2011. The company said all customers will be included in the increase and the percentage increase will vary by product line and continents “contingent upon the overall market conditions.”

“In addition to previously announced price adjustments, a further price increase has become necessary to try and recover some of those costs. As a result, the increase at this time is a response to the continuing rise in raw material costs. However, Federal Tires has made every effort to minimize these increases as we committed to delivering a premium package of value to our distributors.” Henry Lin, director of global sales, Federal Corporation explained.

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