Milan, Italy -- Trelleborg Wheel Systems S.p.A. will raise prices 8 to 10 percent on all of its aftermarket and original-equipment products later this month.
The commercial tire and wheel manufacturer said the price hikes, which will be global, are a result of higher raw material costs.
â€œThe raw materials, if you look at all the commodities like rubber and oil, are skyrocketing,â€ said Ydo Doornbos, managing director of Trelleborg Wheel Systems Americas Inc. â€œUnfortunately, there is no possibility (without increasing prices) for Trelleborg to offset those costs.â€
All increases will fall into the 8- to 10-percent range but will vary in different markets, Mr. Doornbos said, adding that he expects to see more increases in the coming months.
From Tire Business (A Crain publication)