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Watts Tyre Group announce price increase for 2010

Watts Tyre Group have today announced an average 6% price increase as of 1st January 2010 following significant increases in raw material prices, principally natural rubber which forms the principle cost element of solid tyres. Watts also expect transportation costs to increase over the coming months.

RSS3 pricing broke through the 280US¢/kg barrier in early December, 12 months after hitting a low of 107US¢/kg – an astonishing rise of 165%. Over the last quarter the price has risen by over 30% alone bringing it within reach of the 2008 record high.

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