Yokohama plans consumer, OTR tire price hikes

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Yokohama Tire Corp. will increase its consumer tire prices up to 7% and its OTR tire prices from 3% to 5% on May 1.

The increases are necessary due to rising raw material and transportation costs, say Yokohama officials.

"We are seeing steady rises in costs," says Jim MacMaster, executive vice president of Yokohama's Business Division.

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