3% to 5% Conti Price Increase ‘Likely’

(Clacton, U.K./Tyres & Accessories) Continental AG is “likely” to raise its European tyre prices by 3-5 per cent in October in response to rising raw material costs, an unnamed source told Focus-Money magazine.

Published: August 23, 2006

The news follows a spring price rise that saw the manufacturer increase prices by between 3 and 5 per cent.

Continental AG chief financial officer Alan Hippe told various news sources in early August that he expects raw materials costs and oil prices to impact the company by between 200 and 300 million euros in the second half of this year. At that time, Hippe said further price rises could not be ruled out.

However, a Continental Tyre spokesman at the company’s Hanover headquarters said he could not confirm or deny the reports. Instead, he said that the current raw material prices pressures continue to put pressure on all tyre manufacturers, adding that the subject of prices rises is therefore often under discussion.

Radar Tires signs multi-year contract with Singapore Golf Association

Omni United said this partnership with SGA is part of its commitment to nurturing upcoming talent in Singapore.

By Christian Hinton

Published: May 16, 2024

Omni United, under its flagship, Radar Tires brand, has signed a multi-year contract with the Singapore Golf Association (SGA). Under this partnership, touring professionals who have previously represented Singapore at an elite amateur level and recently turned professional will receive financial support for their training and competition-related expenses as they embark on the early stages of their professional careers, Omni United said.