ROME (July 8, 2010)—Trelleborg Wheel Systems said it will raise its tire prices an average of 5 percent in North America and Europe on Sept. 1.
The increase will cover tires made for agricultural, forestry and light industrial use. The division of Trelleborg A.B. said the price hike results from rising raw material costs.
Trelleborg Wheel Systems makes tires and wheels for agricultural and forestry machines, fork-lift trucks and other material-handling equipment, and posted annual sales of $351 million in 2009. The parent company had sales of $3.1 billion last year.