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Yokohama Boosting Commercial Tire Prices 6%

11/22/2010 10:15:00 AM

Following moves by other tire makers, Yokohama Tire Corp. said Monday it will boost prices of its light- and medium-duty commercial truck and off-road tires by up to 6%, effective Jan. 1.

The increase is “due to continued increases in the cost of raw materials and energy-related expenses,� Yokohama said in a statement.

Off-road tires, bias and radial, will increase by up to 5%, and there will be “in-line adjustments as well, which will be announced at a later date,� the tire maker said.

Tire makers including Bridgestone and Cooper Tire, recently set price hikes on their tires due to higher raw materials costs. (Click here for previous story.)

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