Apollo to raise prices of Vredestein brand tires
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ATLANTA Apollo Tyres Ltd. said it will increase prices on its Vredestein brand up to 5 percent, effective March 1, including adjustments at article and pattern level.
Apollo said the price hike reflects increases in raw material cost and in global ocean freight rates. We continue our resolve in building the Vredestein brand in the U.S and Canada by providing best-in-class products from our global manufacturing facilities, Abhishek Bisht, Vredestein s assistant vice president for the Americas, said. The Vredestein brand continues to be attractively positioned and a key contributor to our channel partners profitability.
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FORT MILL, S.C. Continental Tire the Americas L.L.C. plans to raise prices on select Continental- and General-brand passenger and light truck tires in the U.S. on March 1.
Conti did not specify the size of the increases, saying instead they will vary across specific products by brand. The company intends to relay the details of the increase to direct customers before Feb. 1.
Continental did not comment on its reasons for raising prices. It last raised prices on tires in North America in January 2019.
Continental becomes the ninth company to raise prices or disclose plans for an increase in the past few months.
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FORT MILL, S.C. Continental Tire the Americas L.L.C. plans to raise prices on select Continental- and General-brand passenger and light truck tires in the U.S. on March 1.
Conti did not specify the size of the increases, saying instead they will vary across specific products by brand. The company intends to relay the details of the increase to direct customers before Feb. 1.
Continental did not comment on its reasons for raising prices. It last raised prices on tires in North America in January 2019.
Continental becomes the ninth company to raise prices or announce an increase in the past few months.
Michelin, BFGoodrich to increase tire prices
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GREENVILLE, S.C. Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the U.S. by up to 5 percent on Feb. 1 due to changing business dynamics of the U.S. market.
The increase will affect select commercial offers to fleet customers as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on March 16, by up to 7 percent in the U.S. and 5 percent in Canada.
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GREENVILLE, S.C. Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the U.S. by up to 5% on Feb. 1 due to changing business dynamics of the U.S. market.
The increase will affect select commercial offers to fleet customers as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on
March 16, by up to 7% in the U.S. and 5% in Canada.