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WASHINGTON Two Asian tire makers with U.S.-based manufacturing Hankook Tire & Technology Ltd. and Sumitomo Rubber Industries Ltd. are both urging the U.S. to reconsider the imposition of antidumping duties on passenger and light truck tire imports from South Korea, Taiwan, Thailand and Vietnam.
In testimony prepared for the May 26 International Trade Commission (ITC) hearing on the proposed duties, representatives of both companies are set to tell the agency that imposing antidumping duties on the subject tires will have negative impacts on their companies and will not lead to increased production of lower-tier tires.
Curtis Brison, U.S. passenger car and light truck sales vice president at Hankook Tire America Corp., said, …a global tire manufacturer like Hankook cannot practically and efficiently rely on a single U.S. manufacturing facility to produce all of the many tire models demanded by our U.S. customers.
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WASHINGTON Two Asian tire makers with U.S.-based manufacturing Hankook Tire & Technology Ltd. and Sumitomo Rubber Industries Ltd. are both urging the U.S. to reconsider the imposition of antidumping duties on passenger and light truck tire imports from South Korea, Taiwan, Thailand and Vietnam.
In testimony prepared for today s International Trade Commission (ITC) hearing on the proposed duties, representatives of both companies are set to tell the agency that imposing antidumping duties on the subject tires will have negative impacts on their companies and will not lead to increased production of lower-tier tires.
Curtis Brison, U.S. passenger car and light truck sales vice president at Hankook Tire America Corp., said, …a global tire manufacturer like Hankook cannot practically and efficiently rely on a single U.S. manufacturing facility to produce all of the many tire models demanded by our U.S. customers.
Apollo to raise prices on Vredestein tires
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ATLANTA Apollo Tyres Ltd. plans to increase prices in the coming months on selected Vredestein-branded products in the U.S. and Canada by up to 8 percent.
The increase the second so far in 2021 will take effect for off-the-road product lines on June 1 and for passenger and light-truck tire lines on July 1. The tire maker said inline adjustments also will be made on a per size basis. This increase has been driven by multiple factors, including increased costs on sea freight, transportation (and) raw materials, in addition to other market factors, said Abhishek Bisht, assistant vice president for the Americas.
Apollo to raise prices on Vredestein OTR, PLT tires
Apollo to raise prices on Vredestein OTR, PLT tires
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ATLANTA Apollo Tyres Ltd. plans to increase prices in the coming months on selected Vredestein-branded products in the U.S. and Canada by up to 8%.
The increase the second so far in 2021 will take effect for off-the-road product lines on June 1 and for passenger and light-truck tire lines on July 1. The tire maker said inline adjustments also will be made on a per size basis. This increase has been driven by multiple factors, including increased costs on sea freight, transportation (and) raw materials, in addition to other market factors, Abhishek Bisht, assistant vice president, Americas, said.
Falken, Ohtsu, Dunlop tire prices rising May 1 rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.