As the increase in the cost of natural rubber raw materials leads to increased production costs, Indonesian tire manufacturers will increase the tire price by 5%. Aziz Barney, president of the Indonesian Tire Enterprises Association, said recently that rising tire raw material prices will affect production costs. Tire manufacturers will consider increasing tire prices by 5%. Barney said that since the beginning of the year, Indonesian tire prices have risen. 3%-5%. But still need to raise prices in July. According to statistics of the association, in the first four months of this year, Indonesia's tire production totaled 11,107,800, an increase of 10.4% over the same period of last year. The first four months, Indonesia Export tire revenue reached $146.4 million, an increase of 7% year-on-year.
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