Titan to raise prices to OEMs

ERJ staff report (DS)

Quincy, Illinois -- Titan Tire Corp., a subsidiary of Titan International, Inc. , will implement a price increase on tyres and assemblies for original equipment manufacturers, effective July 1, 2008.

The increase will range from 7 percent to 37 percent, depending on the tyre, to offset rising costs for natural rubber, bead wire and oil-based material such as synthetic rubber and carbon black. Overall synthetic rubber shortages have also contributed to rising raw material costs.

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Press release from Titan