ERJ staff report (DS)
Hanover, Germany -- Continental is again increasing its prices for commercial vehicle tyres in Europe. The latest increase is effective from May 1. The company blamed the move on higher raw material prices.
The prices for truck tyres from the Continental brand will increase by six percent and those of secondary brands Uniroyal and Semperit by up to ten percent. Continental's Barum and Matador brands will see an increase of up to twelve percent.
“In our first price adjustment of seven percent in February, we passed on the enormous cost pressure from natural rubber only partially to retail and trade customers. A renewed increase at the present time has become inevitable to cover the follow-on effect from the beginning of the year,†said Herbert Mensching, Continental's head of marketing and sales for commercial vehicle tyres in the EMEA region (Europe, Middle East and Africa).“If the price of natural rubber remains at a high level, we will not be able to avoid further price increases after that announced for May 1.â€
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Press release from Continental
