Due to the continued record increases in the cost of raw materials and energy, Yokohama Tire Corporation announced it will increase prices on its consumer tires up to seven percent; medium truck tires and light truck commercial tires up to four percent; and Off-The-Road (OTR) tires up to five percent, effective January 1, 2008. All three divisions will include in-line adjustments, which will be announced at a later date.
“In addition to raw materials, we’re also seeing record-high transportation and energy costs,” said Dan King, Yokohama vice president of sales. “Unfortunately, Yokohama’s pricing must reflect these costs.”
“In this difficult business climate, Yokohama continues to improve efficiency while leading the way in environmental responsibility among tire makers,” said Jim MacMaster, Yokohama executive vice president, Business Division.
Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based Yokohama Rubber Co., Ltd., a global producer and distributor of premium tires since 1917. Servicing a network of more than 4,500 points of sale in the U.S., Yokohama Tire Corporation offers a complete line of tires, including high-performance, light truck, passenger car, commercial truck and bus, as well as off-the-road mining and construction applications. For more information on Yokohama’s extensive product line, visit www.yokohamatire.com. For details on Yokohama’s environmental efforts, go to www.ecotreadsetters.com .
Yokohama is a strong supporter of the tire care and safety guidelines established by the Rubber Manufacturers Association and the National Highway Transportation and Safety Administration. Details can be found at the “Taking Care of Your Tires” section at www.yokohamatire.com.