FULLERTON, Calif. (April 8, 2008) — Yokohama Tire Corp. will raise prices on its off-the-road and medium truck tires by 5 and 6 percent, respectively, in May.
The Fullerton-based firm cited continuing raw materials and energy costs as reasons for the increase. The company said it will also make in-line adjustments that will be announced at a later date. Passenger and light truck tires will not be affected by the increase.
“We have been doing our best to contain the soaring costs of raw material, manufacturing and transportation,” said Dan King, Yokohama's vice president of sales. “Unfortunately, Yokohama's pricing must reflect these record costs.”