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Yokohama raises OTR tire prices by up to 8%

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Yokohama Tire Corp. will increase prices across the board on its OTR tires effective April 1, 2005.

OTR tire prices will be increased by 3% to 8%. Additional in-line adjustments will be made.

The company has cited the rising cost of resources, including steel, fabric and petroleum-derived materials, as the reason for the increase.

Detailed pricing will be provided to dealers prior to the actual increase, according to the company.

Yokohama last instituted a price increase -- 2% to 3% -- on OTR tires on June 1, 2004.

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