Pirelli increases tyre prices in Europe

ERJ staff report (RD)

Milan, Italy - Pirelli has announced a 4-6 cents price increase for all car, SUV, light truck, motorcycle and industrial vehicle tyres in European markets, a 19 Feb company statement said.

The increase, effective from 1 Apr 2010, is due to increasing raw material costs, “especially that of natural rubber which more than doubled in the last 12 months,” Pirelli said.

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Press release from Pirelli