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GITI (China) tire to reduce price support for agencies

On September 17, GITI (China) Tire Investment Co.,Ltd. announced price adjustment information.

The information said the company would reduce 2% - 3% of tire product's price support for tire dealers from October 1, which means GITI tire lifting price for agencies.

GITI Tire said with price of carbon black, steel cord,rubber keeping rising, the company faced cost pressure.

Recently, lots of large-size tire manufactures planned to adjust price strategy.

For example, Linglong Tire reduced 3% of sales promotion from October 1. At the same time, Aeolus tire lifted 10% of sailor II tire.