Conti generic TireMaterials_e

Conti sees improved outlook for materials costs

Hanover, Germany – Continental AG’s Rubber Group, which includes Tire Division and ContiTech, has reduced its estimates for the negative impact of rising raw materials prices in 2017.

In its recently-published third quarter results, Continental said it was lowering forecast for the average price of natural rubber (TSR 20) this year from $1.90/kg to $1.70/kg.

Recent declines in prices of raw materials would not have an impact on its results until fiscal 2018, the German group pointed out in the 9 Nov statement.

For butadiene, a base material…

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