In a press release from March 23, Trelleborg Wheels Systems announced it would implement price increases across all it's segments. The press release reads as follows;
Effective from April 2022, Trelleborg Wheel Systems has announced price increases up to 15% on all brands and segments globally.
This price increase is a result of the current market fluctuations and the sharp rise in the cost of raw materials, energy and logistics. Increases will vary by region to reflect the local market conditions.
Specific details on the actual increase will be communicated directly to customers by Company representatives in each market.
Trelleborg recently reported $1 billion in sales in its 2021 earnings report, up 19% from $835 million in earnings in 2020.