Citing rising raw material costs, Duratread said it will increase prices across its complete range of mining, construction, port and industrial tires by 7%, effective Feb. 1.
Orders delivered before that date will be at pre-increase prices, the company said.
Duratread said it is focusing on new initiatives to extend tire life in order to offset rising tire prices and maintain or improve upon the overall asset costs associated with tires. This includes new GPS- and GSM-enabled tire pressure monitoring systems that ensure optimal inflation pressures, monitored speeds and braking so users will get more out of their existing rubber, the company said.