Rising costs force Yokohama to jack tire prices

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FULLERTON, Calif. — Long-running increases in raw material and transportation costs have caused Yokohama Tire Corporation to adjust prices of its commercial truck and bus tires, effective May 1.

“We have been doing our best to contain costs of raw material, manufacturing and transportation,” said John Cooney, director of commercial sales for Yokohama. “Now an increase of up to 5% in the prices for truck and bus tires has become unavoidable and necessary to equalize the soaring costs.” In-line adjustments are also slated to be announced at a later date.

“Unfortunately, our costs continue to increase,” said Jim MacMaster, Yokohama executive vice-president, Business Division, “but Yokohama is committed to bringing the best products to the market at competitive
prices by integrating operational efficiencies, environmental procedures and the latest technology.”

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