Companies / United Arab Emirates
UAE Dealers Agree To Tyre Price Hike
June 2008 | Industry NewsTyre manufacturers and dealers in the UAE have agreed to a joint price increase in July, just six months after the last hike. From July 1, prices will rise by 6% across the board, due to increasing raw material costs. Shiby George, country manager for India's MRF Tyres, explained to local press that tyre prices are tied to rising oil prices, as around 70% of the raw materials in tyre production are generated from the petroleum industry.
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