FULLERTON, Calif. (Dec. 12, 2006) — Yokohama Tire Corp. will raise prices by 3 to 5 percent on its off-the-road tires, effective Jan. 1.
The company cited the continuing rising costs of raw materials as impetus for the price increase.
“Yokohama's improvements in operational efficiency have actually helped offset higher materials costs,” said Gary Nash, Yokohama's director of OTR tire sales. “In fact, the 3 to 5 percent bump is in line with all our other product lines.”
The increase will apply to all OTR brands produced by Yokohama. Specific details and adjustments will be announced later, the firm said.