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Hankook Tire Announces Price Increase

The price increase, effective Nov. 1, is a result of factors such as the rising cost of operations and raw materials, increased logistics and other market factors.

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Hankook Tire America announced a price increase, effective Nov. 1, for Hankook and Laufenn passenger, light truck and commercial truck tires. Products are subject to an increase of up to 6% and will vary by product within each brand portfolio.

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The company said the increases are a result of factors such as the rising cost of operations and raw materials, increased logistics costs and other market factors. Hankook said it is working with its customers to provide more detailed information on the price increase.

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