Retail

Hankook announces consumer price increases of up to 5%

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Hankook Tire America Corp. is raising prices by up to 5% on its full line of passenger, high performance and light truck tires. The amount of the increase will vary by product line and/or size.

The increases will take effect January 1, 2008.

Hankook says the price increases "reflect rising costs in raw materials as well as higher costs in transportation and general operating expenses."

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