Nexen Tire has “restructured” the prices of its summer and all-weather tyres effective 1 September 2024. The move, which amounts to a price increase, will be implemented across the European market, including the United Kingdom and Turkey. It will apply to all goods ordered from that date onward.
Falken Tyre Europe shares that it will “implement structural price adjustments across Europe” from 1 June 2024. These changes affect the Falken and Sumitomo tyre brands in different product segments. The company has shared no details regarding specific price adjustments.
Falken Tyre Europe GmbH has announced that it will “structurally adjust” prices across its entire brand and product portfolio.
Nexen Tire has increased the price of its winter tyres across all the company’s own brands in the replacement market. The new price list for winter tyres will be valid for the whole European market, including the United Kingdom and Turkey.
In the United States, Pirelli has announced a price increase relating to car and light truck tyres. Effective 15 January 2023, the company will increase prices by 10 per cent, varying by line and tyre size.
57 per cent of garages are planning on increasing their prices according to a survey conducted by WhoCanFixMyCar. The survey, which was sent to WhoCanFixMyCar’s network of over 15,000 top-rated garages, mobile mechanics and dealerships, asked businesses whether they would be raising their prices soon, and if so, what had influenced that decision.
Trelleborg Wheel Systems will increase the price of all its brands across all segments globally by up to 15 per cent. The sharp price hike takes effect from April 2022.
As a result of continued high raw material prices and “dramatically” rising freight costs in 2022, Yokohama Off-Highway Tires (YOHT) is increasing prices for its products from 1 April 2022. Announcing the upcoming changes, YOHT states that although it has absorbed “the majority of the costs” incurred upstream and during transportation and has thus implemented price increases that are “lower than industry average,” it is “unavoidable to pass a minor portion to its business partners.”
Falken Tyre Europe will increase the prices of its entire product portfolio by nine per cent on 1 May 2022. Falken states the increase reflects global rises in costs for raw materials, energy, and logistics. This price rise does not affect UK Falken customers, where the brand is distributed exclusively by Micheldever Tyre Services. Like Falken, MTS is owned by Sumitomo Rubber Industries. A Falken spokesperson told Tyrepress that MTS would inform its customers of any price rise affecting the UK.
Prices for Trelleborg Wheel Systems (TWS) products will increase by up to ten percent as of January 2022. Trelleborg says the price rises apply to all TWS brands and products and is a consequence of the escalating energy, logistics and raw materials costs in all markets.
Toyo Tire U.S.A. Corp. will increase the dealer base prices on passenger car, light truck and commercial truck tyre patterns by up to 10 per cent. According to the company, the price increase is a result of continued increases in raw materials and logistics costs.
Marangoni announced an imminent price increase in mid-November for all products offered across the (Europe, Middle East and Africa (EMEA) region. However, at the beginning of December, the company offered further details. Regarding the specific amount of the upward adjustment “based on the product families and the respective product lines” specifical details are set to be released “in the next few days”.
Nexen Tire is raising prices across its entire product range, effective 1 February 2022. According to the company, “rising raw material prices as well as freight and logistics costs” are behind the price hike. No details of the percentage increase have yet been released.
Birla Carbon, one of the leading manufacturers of carbon black, has announced a global price increase for all its Specialty Blacks products. These increases take effect 1 December 2021; all shipments made on or after this date are subject to the price increase.
Trelleborg Wheel Systems has announced price increases up to five per cent on all brands and segments. The increase will take effect in November and the company stresses that this is the last price rise for the current year. The tyre maker says it is adjusting prices in light of “continuous increases along the entire value chain in all markets.”
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.
Falken Tyre Europe
Falken