Global tyre manufacturer NEXEN TIRE announced today that prices for all of the company’s brands in the replacement market will be adjusted. Due to the Ukraine-Russia conflict, raw material prices such as carbon black, oil costs and freight and logistics costs have risen sharply.
Prices for all of the company’s summer, winter and all-season tyres on the European market, including the United Kingdom and Turkey, will be increased and adjustment of prices will be effective for all the goods delivered from 1st of May 2022.
Increased raw material costs and the sharp rise in logistics costs are forcing the tyre industry to raise prices,” explains DC Kim, Vice President of Europe Sales & Marketing, NEXEN TIRE Europe s.r.o.
“Through continuous efficiency improvements, NEXEN TIRE continues to strive globally to minimise the impact of rising costs on the prices of its tyres and to continue to offer its customers the best price/performance ratio in the market,” DC Kim said.