Dated: 04 January 2010
Tyre Export Prices Set To Rise
As predicted the New Year has brought with it the news that tyre export prices are set to rise. Yokohama Rubber is one of the main and first companies to confirm this, with sources from within the tyre industry estimating that Yokohama’s increase is going to be in the region of 15%, possibly even higher in specific regions of the world.
In a statement Yokohama confirmed that these increases are going to include all passenger car, light truck, truck and bus tyre products. So it seems no-one is going to escape the rise.
In an attempt to explain the higher export prices, Yokohama has cited the increased cost of raw materials, needed to produce tyres, as the main reason behind it all.