Pirelli raises tire prices in Europe, the Middle East and Africa

Geely Automotive Pirelli, an Italian tire supplier, has announced that due to the increase in prices of major raw materials (mainly manifested in natural rubber and oil prices), the company will start to raise prices in Europe and the Middle East from June 1, 2011. Tire prices in African markets. It is reported that the prices of tires for passenger cars, motorcycles, light trucks, and heavy trucks of the Pirelli brand have all increased over the current prices.

The company said that the price fluctuation will take effect on June 1, 2011. Among them, the summer tire prices in Europe were up 6%, winter tire prices were up 12%, and all Middle East and Africa tire prices were up 10%.