CYPRESS, Calif. (April 25, 2011) — Toyo Tire U.S.A. Corp. will increase prices on all commercial tires in the U.S. by up to 15 percent, effective May 1.
The increase, which will include in-line adjustments, is due to a “continued escalation in raw material costs,” Toyo said.
“Due to the steep increase in the costs of raw materials affecting our industry, we must reluctantly raise prices of our product,” said John Hagan, senior director of sales, Toyo. “We appreciate the continued support and understanding of our dealers as we remain committed to providing the highest quality products.”