Trelleborg Increases Industrial Tyre Prices
Trelleborg Wheel Systems has announced price increases ranging from 8 to 10 per cent, depending on country and local currencies. According to the company, these increases will affect both the replacement and Original Equipment manufacturing channels Trelleborg operates in. Trelleborg signalled that further price increase may be necessary during the course of 2008.
A company statement on the matter explained that Trelleborg Wheel Systems was “forced to act” by “the continuous and relevant increase of the cost of raw materials, made even worse by the strong acceleration seen in the first quarter.” The news comes two weeks after Watts Industrial Tyres raised its prices between 6 and 10 per cent, citing “limited worldwide rubber production.”