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February 16, 2004 12:00 AM

Falken raising tyre prices

ERJ Staff
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    By Patrick Raleigh ERJ On-line news editor

    Osaka, Japan-Falken Tire Trading Ltd, a subsidiary of Sumitomo Rubber Industries Ltd (SRI), is raising prices of its tyres sold in South East Asia, Middle East, North America, Latin America and Africa.

    The increases on Falken- and Ohtsu-brand tyres for passenger cars, light trucks and trucks & buses, range from 3 percent to 5 percent, depending on products and markets, said a 13 Feb SRI announcement.

    The hikes follow a January pricing review at Osaka-based Falken, which was prompted by recent increases in raw material prices including natural rubber, according to SRI.

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