Kumho to raise prices 3-5%

FONTANA, Calif. (July 29, 2004) — Kumho Tire USA Inc. announced it will raise tire prices 3-5 percent, effective Oct. 1.

The increase affects passenger, light truck and commercial truck tires. Specific increases vary by tire model.

Kumho said the increase is to offset rising raw material prices and shipping costs. The Fontana-based tire maker last raised prices 3-5 percent in May.

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