Yokohama to hike commercial tire prices
Yokohama Tire Corp. will raise prices on its light and medium commercial truck tires up to 7%, effective March 1.
"There will be in-line adjustments as well, which will be announced at a later date," say Yokohama officials. "OTR, light truck and consumer tires will not be affected by the increase."
"As always, it's a difficult decision to increase prices," says John Cooney, Yokohama director of sales, commercial division. "We've been doing our best to contain costs, but the continued escalation of raw materials, energy and transportation must be reflected in Yokohama's pricing."