11/22/2010 10:15:00 AM
Following moves by other tire makers, Yokohama Tire Corp. said Monday it will boost prices of its light- and medium-duty commercial truck and off-road tires by up to 6%, effective Jan. 1.
The increase is â€œdue to continued increases in the cost of raw materials and energy-related expenses,â€� Yokohama said in a statement.
Off-road tires, bias and radial, will increase by up to 5%, and there will be â€œin-line adjustments as well, which will be announced at a later date,â€� the tire maker said.
Tire makers including Bridgestone and Cooper Tire, recently set price hikes on their tires due to higher raw materials costs. (Click here for previous story.)
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