As rubber prices are poised to continue their upward trajectory, tire companies are dealing with increased production costs. Coupled with recent environmental policies leading to production suspensions and reductions, the industry faces a complicated landscape. Dealers and tire shop owners are advised to closely monitor market trends, make informed decisions, and stay attuned to possible announcements of further price adjustments in the dynamic tire market.
Sourced from: https://www.tyrepress.com/2024/02/bridgestone-closing-shenyang-china-tbr-tyre-plant/
