Pirelli N.A. unit to hike tyre prices

From Rubber & Plastics News

Rome, Georgia-Pirelli Tire North America Inc. is increasing passenger and light truck tyre prices an average of 3 percent effective 1 June.

The price hikes, which may vary by product offering, is being implemented as a result of considerable and unexpected increases in raw material costs worldwide, president and CEO Guy Mannino said.

The price increases are less than those announced by Pirelli SpA in Europe, said Mannino, who credited the efforts of its North American work force and manufacturing efficiencies in the…

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