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Tire Producers Raise Product Prices from Jan. 1, 2017

Aeolus Tyre Co., Ltd. has released an announcement for product price adjustment.

Starting from Jan. 1, 2017, prices of all-steel radial tires of Aeolus Tyre will be lifted up by 2% to 3%.

The company said due to rising raw material prices lately, the costs kept growing, by comparing with peer companies' prices and considering market acceptance, it made the decision aforesaid.

The first date of 2017 has become the starting date for a number of tire producers to raise their product prices, included are brands such as Bridgestone and Goodyear.

Prices of some of Bridgestone's all-steel tires will grow 3%, and those of part of Dalian Goodyear's truck and bus tires will grow 3%-5%.