Hankook Will Raise Consumer, Commercial Tire Prices

Hankook Tire America Corp. will raise prices on its Hankook and Laufenn brand passenger and light truck tires and Hankook brand commercial truck tires up to 6% on Nov. 1.

Hikes will vary "by product within each brand portfolio," according to Hankook officials.

They "are the result of several factors, including rising cost of operations and raw materials, increased logistics costs and other market factors that have affected internal costs."