Malaysian Retreaders Increase Prices

30th June 2006 | 0 Comments
 

The Tyre Retreading Manufacturers’ Association of Malaysia (TRMAM) has warned customers to expect a 10 to 15 per cent price increase for tyre retreading. In a statement, TRMAM said the move is necessary in view of the dramatic increase in prices of raw materials, especially natural rubber, synthetic rubber and carbon black. “The situation is exacerbated by significant increases in fuel cost and electricity rates, which substantially add to retreaders’ operating costs,” the statement added. However, even with the impending price increase, Malaysian retreads are still significantly lower than most neighbouring markets in the region, including China, Malaysia’s Business Times reported.

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Category: Product News

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