Pirelli announces 3% price increase

April 1, 2006

Pirelli Tire North America Inc. is increasing passenger and light truck tire prices by 3% effective May 1, 2006.

The increase will cover all product lines in the United States and Canada. The continuing rise in raw material prices necessitated the increase, says the company.

Falken Tire Corp. also announced price increases that will go into effect May 1.