Yokohama Tire to raise prices on its products

Yokohama Tire Corp will increase prices on all products starting Oct 1, 2006. The continued record escalation of raw material costs, petroleum-related material costs, and energy costs have necessitated increases.

Price increases will be only up to 7% on consumer tires, up to 7% on medium radial truck and bus tires and commercial light truck, and up to 8% on off-road radial and bias tires. The increase will be on all products and all brands produced by Yokohama, including Associate Brands and Private Brands.

Yokohama Tire Corp is the North American manufacturing and marketing arm of Tokyo, Japan-based Yokohama Rubber Co Ltd, a producer and distributor of tires since 1917.

TAGS: Components
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