DIAMOND BAR, Calif. (April 30, 2010) — Due to the rapid cost increases of raw materials and ocean freight, Nexen Tire America Inc said it will apply to all passenger and light truck tire sizes and patterns an 8-percent price increase, effective June 1, on all warehouse orders and June factory-direct container production.
The Diamond Bar-based tire marketer said the increases take effect in the U.S. and Canada, price sheets will be distributed by next week, and dealers should contact their sales representatives if they have any questions.