ERJ staff report (TB)
Fullerton, California -- Yokohama Tire Corp. will increase prices up to 8 percent on all of its commercial truck tyres in the US, effective Feb. 1.
Yokohama said there will be in-line adjustments, as well, which will be announced at a later date.
â€œManufacturing and logistics costs associated with commercial products, unfortunately, have continued to be at high levels,â€ said Rick Phillips, Yokohama director of commercial sales. â€œThese, along with domestic and global economic pressures, have made initiating the price increase unavoidable. Despite the industry challenges, Yokohama will continue to use the latest technologies and environmental procedures to produce the best commercial tyres at competitive prices.â€
The tyre maker last raised truck tyre prices on Oct. 1, by up to 8 percent, with in-line adjustments. YTC also increased prices Jan. 1 on all its OTR tyres in the US by up to 15 percent.
From Tire Business (A Crain publication)