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Sumitomo Rubber North America Announces Price Increases

The company said several factors have driven the need for this price increase including increased costs in transportation, labor and raw materials in addition to other market factors.

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Sumitomo Rubber North America will increase prices in the U.S. and Canada on Falken and Ohtsu brand passenger, light truck and medium truck tires as well as implementing inline adjustments on a per size basis, the company said. The price increase is up to 10%, effective Oct. 1.

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The company said several factors have driven the need for this price increase including increased costs in transportation, labor and raw materials in addition to other market factors.

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