Chinese firm lowers industrial tyre prices
Following months of sky-high raw material prices and a run of price increases from large and small tyre manufacturers around the world, one Chinese company has opted to buck the trend. Sihong Benteng Rubber Products Co, Ltd, which produces Threestones branded industrial tyres and rubber track products wrote to Tyres & Accessories informing us of the impending price drop for the Threestones brand.
According to company representatives, Sihong Benteng was writing to advise that the firm has “adjusted our price lower for our solid tyre and rubber track.” While specific details have not yet been released, the statement confirmed the strategic intentions behind the move, explaining the price cut has been enacted “to see if we can develop some new business now.” Sihong Benteng hasn’t said when the price changes will be actioned or whether they are a temporary or permanent measure.
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