Yokohama Tire Corp plans to raise prices

Yokohama Tire Corporation will increase prices on its light and medium commercial truck, and off-the-road (OTR) tires in the United States, effective January 1, 2011. The adjustments are due to continued increases in the cost of raw materials and energy-related expenses.

Commercial tires will increase by up to 6%, while OTR (bias and radial) will increase by up to 5%. There will be in-line adjustments, as well, which will be announced later.

“It's a very difficult decision, especially in light of these tough economic times,” said Gary Nash, Yokohama vice-president, OTR division. “However, by incorporating operational efficiencies with our environmental procedures and the latest technology, Yokohama remains committed to bringing the best products to the market at competitive prices.”