Yokohama Tire Corp. will implement a price increase of up to 5% on all of its off-the-road (OTR) tires in the U.S., effective July 1, 2012. In-line adjustments will be announced at a later date.
Gary Nash, Yokohama vice president of OTR sales, attributed the price increase to the elevated costs of materials associated with the manufacturing of OTR products. “The OTR industry is still facing the harsh realities of dealing with the high costs of raw materials,” he said.” Adding to the challenge is the rising cost of transportation. That’s why we find it necessary to have the increases reflected in our pricing.”
Yokohama Tire Corp.
www.yokohamatire.com