NASHVILLE, Tenn. — Bridgestone Americas is planning to raise prices in North America on its range of commercial truck/bus and OTR tires by up to 8 percent on or before July 1.
Bridgestone said the increase is "in response to market dynamics."
The new pricing will vary by business unit and product line, the company said.
Bridgestone is contacting customers to provide them with detailed information about this price increase.
This is Bridgestone's second price hike of 2017 for North America. It raised prices on March 1 by up 8 percent on its passenger, light truck, truck/bus, OTR and agricultural tires and retread products and tubes as well.
At that time, Bridgestone cited "rising raw material costs and other market dynamics" for the price increases.
Bridgestone Europe also is increasing prices, by an average of 3 percent across its car, van and SUV tire ranges, effective June 1. The company cited the "significant" raw material cost increases in the last 12 months as the reason for the increase.