Trelleborg Wheel Systems is to implement a price increase for its industrial tires division. Effective from April 2015, prices will increase by 7-10% depending on the specific country. The price increase will apply to the EMEA region (Europe, Middle East & Africa) and all other markets outside of US dollar denominated markets.
Jean-Paul Mindermann, President Business Unit Industrial Tires, says: “Industrial tire prices have remained relatively stable over the past two years but unfortunately this is no longer sustainable.
“Over the past six months currencies, including the Euro, have depreciated considerably against the US dollar resulting in a significant increase in our manufacturing cost base.
We have taken all possible measures to mitigate the impact of this cost increase for our customers, but the continued strength of the US dollar is now obliging us to react.”
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