Bridgestone Americas Inc. will raise prices on its OTR and ag tires in the United States and Canada up to 8%, effective June 1.
The company says the price hike "is a necessary step as Bridgestone continues to manage market dynamics, including escalated logistics, business and raw material costs."
Price adjustments will be implemented "at the specific pattern and article level for each business.
"Bridgestone is committed to minimizing the impact of increased business costs on our customers. As always, the company continues to look for new opportunities to engineer efficiency into our business, while also investing to protect the value of our brands and unlock new, sustainable growth opportunities with our customers."