Conti expects materials costs to rise

Hanover, Germany – Continental AG has forecast a significant rise in the cost of most tire & rubber product-related feedstocks and materials for this year.

Overall, for 2018, Conti expects a €50-million negative impact due to increases in oil and synthetic rubber prices, the group said in its 2018 half-year results published 2 Aug.

The company had previously forecast effects from raw-material prices to be nearly balanced for the Rubber Group, which comprises the Tire and ContiTech divisions.

With the average price of North Sea Brent crude oil up…

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