WAYNE, N.J. (Dec. 3, 2003)—Citing rising costs for raw materials, shipping and general operations, Hankook Tire America Corp. said today it is raising tire prices from 2 to 4 percent effective Jan. 1.
The price hikes affect the company´s full line of passenger, high performance, light truck and medium truck tires.
Hankook said the price increases are consistent with those announced recently by other major tire makers marketing their products in the U.S.