Taiwan's tire companies are intended to price increases in 2017
Several major tire manufacturers in Taiwan are planning to raise their prices by 8% to 12% in 2017 to cope with rising prices for raw materials such as rubber (including natural rubber and synthetic rubber).
It is understood that in December 2016, Taiwan's Nankang Rubber Tire Company will be the first to raise tire prices 9% -12%, set off a prelude to the region's tire product prices.
Subsequently, Taifeng Tire announced a 9% -12% increase in product prices, Huafeng Rubber Industry also raised tire prices 8% -10%.
In addition, the new rubber has said that in the first quarter of 2017 to raise tire prices.
At the same time, the construction of tires is also planned in 2017 will increase the price of 3% -5%, in order to maintain global competitiveness.
Nangang Tire said the global rubber prices from $ 1,100 a year ago / ton, up to the current 2,200 yuan / ton, or up to 100%, which is the tire manufacturers raised the price of the main reasons.