Starting from May 2024, Trelleborg tyres will increase prices globally by up to 5% across all segments.
It comes alongside news from Mitas tyres that their prices will also be adjusted at the same time, again with a similar 5% increase through portfolio segments.
See also: Supply chain in focus at this year’s Cereals Event
Both companies are owned by Yokohama TWS after Trelleborg tyres were purchased in mid 2023.
The decisions are said to be responses to significant levels of inflation experienced over the past two years.
This, coupled with the rising prices of raw materials and increased inbound logistics expenses are behind the increases.
Details regarding which specific segments will be hit are to be communicated directly to consumers by representatives of each market.
