Buyers of Double Coin Tires will have to shell out a few more dollars for the company’s products following the announcement of a price increase for TBR & ROTR products beginning June 1.
Double Coin Tires and China Manufacturers Alliance, LLC (CMA), the marketer of the tires, will bump up the prices 6% with some additional inline changes on Double Coin TBR & ROTR/RCRANE/RIND products as well as associate and private TBR products. The price increases are the result of rising costs to produce the products, CMA said.
“We are experiencing the same pressures that many in our industry are continuing to experience,” said Aaron Murphy, vice president of CMA. “Increases in natural & synthetic rubber, steel cord, oil and carbon black and other materials along with rising costs of ocean and inland transportation are major contributors for the change in pricing.”