Yokohama Tire Corp. will implement a price increase of up to 8% on all of its commercial truck tires in the U.S., effective Feb. 1, 2012. There will be in-line adjustments, as well, which will be announced at a later date.
“Manufacturing and logistics costs associated with commercial products, unfortunately, have continued to be at high levels,” says Rick Phillips, Yokohama director of Commercial Sales. “These, along with domestic and global economic pressures, have made initiating the price increase unavoidable.”
Yokohama previously announced it would raise prices on its OTR tires up to 15% effective Jan. 1, 2012. The company cited "global supply pressures and elevated manufacturing and transportation costs" as the reasons for the increases.
Yokohama is the latest tire manufacturer to implement or announce a price increase in 2012.
Consumer
* Toyo Tire U.S.A. Corp. increased prices on passenger, light truck and commercial truck tires to a weighted average of 6% on Jan. 1.
* Falken Tire Corp. raised prices on Falken and Ohtsu brand passenger and light truck tires up to 5% -- with some inline adjustments --on Jan. 1.
Commercial
* Yokohama raised prices on its OTR tires up to 15% effective Jan. 1. The company cited "global supply pressures and elevated manufacturing and transportation costs" as the reasons for the increases.
* Bridgestone Americas Commercial Solutions (BACS), a business unit of Bridgestone Americas Tire Operations LLC, also raised prices on its OTR tires effective Jan. 1. The 15% price increase applied to Bridgestone, Firestone and Continuum off-road tire products and Continuum pre-cure tread rubber and related retreading materials.
Canada only
* Bridgestone Americas raised prices effective Jan. 1. The 10% price increase applied to Bridgestone, Firestone and Continuum off-road tire products and Continuum pre-cure tread rubber and related retreading materials.
