Print
Matt Leeper, vice president of sales, (left) and Darren Thomas, senior vice president and chief operating officer, speak during a Sumitomo Rubber North America (SRNA) Inc. virtual presentation on Feb. 2, 2021.
RANCHO CUCAMONGA, Calif. The ripple of 2020 s global production shutdowns and unpredictable markets looks more like a tsunami in 2021, and it is stretching the Asia-to-U.S. supply chain to its limits as demand soars, Sumitomo Rubber North America Inc. officials said recently.
Shipping containers are in short supply and so is space on ships. Companies lucky enough to get on a vessel likely paying premiums of at least 200 percent still have to wait out an extended process at U.S. ports, where COVID-19 restrictions and off-load demand have created a bottleneck.
SRNA increasing prices on Dunlop motorcycle tires
Print
RANCHO CUCAMONGA, Calif. Sumitomo Rubber North America Inc. is increasing the price of Dunlop-brand motorcycle tires in the U.S. and Canada.
The increase will be between 2% and 10%, effective Feb. 15.
The tire maker cited increased costs in both transportation and labor in addition to other market factors as reasons for the increase.
Last November, SRNA announced price increases in the U.S. and Canada on Falken- and Ohtsu-brand consumer and medium truck tires. Prices of passenger and light truck tires increased by up to 8%, effective Jan. 1, while prices of medium truck tires rose up to 6%, effective Dec. 1.
Apollo to raise prices of Vredestein brand tires
Print
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.
Print
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.
Print
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.