Conti warns of higher rubber costs this year

Hanover, Germany – Continental AG has warned about its exposure to fluctuations in the prices of raw materials, which it expects to rise in 2018.

The Rubber Group –the tire division and ContiTech – was particularly affected by oil, natural rubber and synthetic rubber prices., Continental said.

This year, the cost of certain types of synthetic rubber “looks set to increase,” the Hanover-based parent group its 2017 annual report.

“If the company is not able to pass the extra costs onto customers, the price increases could reduce Continental’s…

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