Trelleborg announces 7-10% price increase on agricultural, forestry tyres
Trelleborg Wheel Systems has announced a seven-to-ten per cent price increase on its tyres for agricultural, forestry and light agricultural applications in Europe. The increase will be effective from 1 June, 2015. TWS states that the hike is driven by a macroeconomic pressure on the manufacturing footprint outside the European area. The strong appreciation of the US dollar against the euro along with the procurement of raw material out of Asia has led to “significant” production cost increases, the manufacturer adds.