Tire Business staff report
Colchester, Vermont — Nokian Tyres Inc. will raise prices on its passenger tyres in North America by 3 to 6 percent on 11 Jan.
Nokian, the Colchester-based subsidiary of Finland’s Nokian Tyres plc, said the increase is due to market conditions and escalating raw material costs.
â€œLike all other manufacturers we have been impacted by the increases in raw materials, transport, and energy costs,â€ President Bernie Del Duca said.
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