CGS Tyres Group will soon raise tire prices on its agricultural and industrial tires in all its markets, including North America and Europe.
The hikes will range from 7.5% to 10%. They will be effective Jan. 1, 2011.
The increases are necessary "due to the rising prices of raw materials," according to the company.
CGS is the third off-the-road tire manufacturer to announce domestic price hikes effective Jan. 1.
Titan Tire Corp. says it will implement a price increase for all Titan branded tires and Titan manufactured Goodyear branded farm tires "up to 8% in most cases."
Yokohama Tire Corp. will increase prices on its bias and radial OTR tires by up to 5% tires in the U.S.
Bridgestone Americas Tire Operations raised prices on its Bridgestone, Firestone and associate brand agricultural and off-road tires by up to 8% in early November.
For more information on CGS Tyres, the tyre division of ČGS a.s. Holding, visit www.cgs-tyres.com.
