TOKYO (Aug. 28, 2006) — Yokohama Rubber Co. Ltd. will raise prices on its exports of tires and tubes from 5-15 percent starting in September and warned further increases are possible, subject to raw material costs.
Yokohama said the increases, which will rise incrementally, are needed to partially offset the rising costs of natural and synthetic rubber, carbon black and other raw materials.
The price increase applies to all tires and tubes for passenger cars, trucks, buses and construction and mining equipment. The increases will vary by product and market.