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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with