Yokohama Tire Corp. will raise prices on its passenger and light truck tires up to 7% on June 1. Yokohama also will hike its medium truck radial, light truck commercial, OTR, Mohawk and private brand tires by 5% to 7%.
"We've been working hard to keep prices in check through enhanced technologies and increased production capabilities," says Jim MacMaster, executive vice president, Business Division.
"However, record escalating prices for raw materials, such as natural rubber, as well as rising transportation expenses must now be offset by our price adjustment."
There will be in-line adjustments on select sizes and treads.
