Goodyear will increase tire prices by 6%
The US Goodyear Tire Company stated on September 1, 2010 that it will increase the tire sales price by 6% from October 1, due to the increase in the cost of raw materials including rubber and carbon, and expects the cost of raw materials to reach the fourth quarter. rise. Synthetic media reported on September 2 that Jim Davis, a spokesman for Goodyear Tire & Rubber Co., said on September 1 that the company will increase tire sales price by 6% to cope with the cost of raw materials. The rise. Davis said that the price adjustment will take effect from October 1st and will include all of the consumer brands owned by Goodyear. This is the second time since North America’s largest tire manufacturer raised prices for the second time. Other tire manufacturers seem to have the same action. Goodyear warned in July that raw materials, such as rubber and carbon, are expected to rise in the second half of 2010. Goodyear said in its quarterly profit press conference that it expects the cost of raw materials to increase by 30% to 35% by the third quarter. By the fourth quarter, the cost of raw materials is expected to be 30% higher than the same period in 2009. Outdoor Accessories Mold , Outdoor Product Mold,Outdoor Moulding, Dongguan Hongke Plastic Precision Mould Co.,Limited , https://www.scientificmolds.com