Taipei, Taiwan– Federal Corp. will raise prices for its Federal and Hero brand tires by 10 percent for Taiwan-made products and 16 percent for Chinese-made ones before August.

The Taipei-based manufacturer cited hikes in raw material and energy costs as the main reason for the price increases. It also said rising labor costs for Chinese-source tires are a factor in the price hike.

Federal last raised its prices by 5 percent on April 1.



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