Hankook announces consumer price increases of up to 5%

Hankook Tire America Corp. is raising prices by up to 5% on its full line of passenger, high performance and light truck tires. The amount of the increase will vary by product line and/or size.

The increases will take effect January 1, 2008.

Hankook says the price increases "reflect rising costs in raw materials as well as higher costs in transportation and general operating expenses."