Giti raising P/LT tire prices again

Time: Feb 10th  2015   Copy editor: Tyrefull

Giti Tire (USA) Ltd. has raised prices 5.5 percent on all passenger and light truck tires sold in the U.S., the second price increase Giti has announced since the U.S. imposed anti-dumping duties on Giti tires from China in early December.

"We appreciate the outstanding relationships we have developed with many of the country's top tire dealers and will continue to work closely with them to provide consumers a great tire at an affordable price," said Armand Allaire, excutive vice president, sales and marketing, for Giti tire.

The U.S have imposed countervailing and anti-dumping dutes totaling 30.91 on Giti( 11.74 percent CV and 19.17 percent AD duties).

The company raised price on tires imported from China 9.5 percent on Jan. 1; The latest announcement brings the increase to 15 percent. ST type trailer tires are not affected.

"We are very committed to the U.S market," Mr. Allaire said, " as evidenced by the fact that we will be holding a groundbreaking ceremony for new Giti Tire plant in Chester County, South Carolina, on Feb 12."

Giti tire(USA) is the Rancho Cucamonga-based sales and distribution subsidiary of Giti Tire Group, headquartered in Singapore. It imports tires from China and Indonesia.

The company goes to market in U.S. with four brands: GT radial, Primewell, Dextero and Runway.

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