AKRON (April 22, 2010)—Nankang Rubber Tire Corp. Ltd. raised prices on its all series products in North and South America by 6 to 8 percent April 20.
The price adjustment affects all tire types—passenger, 4x4, SUV and winter tires, Nankang said.
The tire maker said the price increases are in response to the escalation of raw materials and energy-related expenses.
The company last raised prices in November 2009.
Nankang-brand tires are distributed in North America by Tireco Inc.