From R&P News comes word that Continental Tire the Americas L.L.C. plans to raise prices Feb. 15 on all Continental-, General- and Ameri*Steel-brand truck tires in the U.S. by up to 9 percent. Conti cited the “continued escalation” of raw materials and energy costs associated with the production of radial truck tires for the need to raise prices. The increase will affect all replacement sales channels in the U.S., according to the Fort Mill-based tire maker.
The company last raised prices in the U.S. on truck tires in July 2011, by 11 percent. The latest hike is the fourth price increase in the past 13 months.
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