Raw material costs rose 10 percent super-Bridgestone next year in China increase of 5%

Japan's largest tire maker Bridgestone said yesterday, as oil and rubber and other raw materials costs rose, from January 2006 onwards to China in the market to raise tire prices by 5%.
Bridgestone (China) Investment Co., Ltd., Chairman and General Manager of Oda cutting known as hong, raw material costs have been rising for more than 10% of the price with the Bridgestone tires in other countries is the same. Bridgestone's rivals, including Michelin (Michelin) and Pirelli (Pirelli), tire manufacturers, oil and rubber are subjected to the double impact of rising costs.
China is the world's fastest-growing tire market, the annual growth rate of more than 10%. Bridgestone said last month, when in 2007 in Huizhou, China's tire production plant, the company's market share in China is expected to double to 20%.
Oda said the cut, Yunnan's annual natural rubber factories supply about 4,000 tons, the company is about 10% of annual demand. In order to ensure the quality and supply of rubber, Bridgestone is considering the acquisition of a rubber plantation in Indonesia.