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Franklin, TN – January 20, 2017 - The Carlstar Group announced today it intends to globally increase prices on its specialty tire products 8 - 12% effective on or before March 1, 2017.
The increases will impact all products and brands that are sold globally and includes the Carlisle®, Marastar®, Marathon® and Ultra CRT brands. The ITP tire brand will maintain an increase of 5 - 8% across the entire tire portfolio, as previously communicated on January 13, 2017. That increase is effective February 6, 2017.
The Carlstar Group cited escalating costs for raw materials as the primary reason for the increase and noted that significant volatility in the market may require further increases.
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Categories: Carlstar Group