Bridgestone Bandag LLC has increased prices on its tread rubber products for franchised dealers. The increases, up to 4%, went into effect Dec. 4.
No increase is being taken for tread rubber products in Canada.
"For the past two years, Bandag has been able to offset the run up in energy and other costs through increased operational efficiencies," says Saul Solomon, Bandag's chairman, CEO and president.
"However, the record-breaking prices for oil that we have seen this fall leave us no choice but to implement this price increase."