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Oct 30, 2008

Tire manufacturers in the world recently set off a wave of price increases tire

World Tire companies have recently set off a wave of price increases tire, following the international tire in the first half of the average selling price to increase 6-7%, the enterprises have been recently announced that it would once again raise prices of tires.
Germany's largest tire manufacturer mainland tire company announced that next year will improve the general replacement tires and light truck tire prices will be increased a maximum of 8%. Japan's Toyota Tire recently decided that it will supply all the tires were 8 percent increase. Italian tire company Pirelli said that it is in Europe and North America, sales of light truck and SUV vehicle tires will increase 4.5 percent. South Korea's Kumho Tire in the United States to use light truck tires early in October has raised prices by 4%. South Korea's tire sales in North America, part of the tire to be more than 5% price increase, other tire companies are also price intentions.
The tire manufacturers increase is mainly due to sharp price hikes of raw materials used tires, in particular, natural rubber, synthetic rubber, chemical fibers such as polyester prices have been running high price. Tire industry predicted that prices of raw materials to tires for a long time to keep up with trends, it is imperative tire prices rise.

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