Yokohama Tire Corp. has announced it will be increasing prices on its light- and medium-duty commercial truck and off-road tires effective Jan. 1, 2011. The company cited increased costs in raw materials and energy-related expenses as the basis for the increases.
“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.”
Off-road tires, both bias and radial, will increase 5% and commercial tires will rise 6%, the company said, along with an in-line adjustment to be announced at a later date.