Continental raising tyre prices in Asia Pacific
In response to the continuing increase of natural rubber prices, now at US$4 per kg, Continental AG yesterday announced a price increase for summer and all-season passenger and light truck tyres for the Asia Pacific region. Effective today, the prices of Continental tyres is set to go up by an average of 5% in affected markets.
“We are currently working on implementing this price increase right across Asia and the Pacific region in order to offset at least some of the substantial increases experienced this year in the cost of raw materials. The new prices will come into effect until 1st December 2010 in China, Taiwan, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Singapore,” explained Dr. Andreas Esser, Head of the Business Unit Replacement Asia Pacific (APAC) for Passenger Car and Light Trucks Tires.
Local distributors Continental Sime Tyre Sdn Bhd (CST), who relayed the announcement to us, have not revealed any specifics in price increases for our market beyond what is already mentioned. Watch this space for more info.
