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Hankook will raise prices up to 5%

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Hankook Tire America Corp. will raise its passenger, high performance, light truck and medium truck tire prices up to 5%.

Increases are effective July 1 and will vary by product line and/or size.

They reflect "rising costs in raw materials -- particularly petroleum products and natural rubber -- as well as higher costs in transportation and general operating expenses," say Hankook officials.

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