Bridgestone raises tire prices in Asia

April 30, 2003

Bridgestone Corp. has begun raising tire prices in Asia, Oceania, the Middle East and Africa to cover rising costs of raw materials.

The price increases range between 3% and 5%, and will vary by product and by market. The increases will pertain to Bridgestone and Firestone radial and bias passenger, light truck, truck and bus tires. Tires sold in Japan will not be affected.

Bridgestone has been implementing the price increases in stages since March 1 to compensate for the rising costs of raw materials, including natural rubber, synthetic rubber, carbon black and some chemical additives.