Toyo Tire to Increase Pricing By Aug. 1
The price increase is a result of continued increases in raw materials and logistics costs, Toyo Tire says.
Giti Tire Increases Freight Surcharges
Continued and prolonged port and domestic transportation congestions in North America have resulted in a significant reduction in the number of container vessel voyages, dramatically reducing international shipping capacity, Giti says.
Hankook Tire Announces Price Increase
Hankook says its passenger car and light truck tires are subject to an increase of up to 7% and will vary by product within each brand portfolio.
Bridgestone Americas Announces Price Increase
The new pricing will take effect July 1, with adjustments at the article and pattern level.
Pirelli Announces U.S. Price Increase for PLT Tires
Taking effect on July 1, the increases will be up to 6%, varying by line and tire size.
Michelin to Increase Prices of Some PLT, Commercial Tires
This increase will be effective on July 1 in the U.S. and Canada.
Price Increase Coming on Continental, General PLT Tires
The increases will vary across specific products by brand. Details of the increase will be made available to direct customers by June 1, the company says.
Bridgestone to Increase Some Firestone Tire Prices
This price adjustment is a necessary step as Bridgestone continues to manage market dynamics, including escalated logistics, business and raw material costs, the company says.
Apollo to Raise Prices on Vredestein Tires
This price increase was driven by factors including increased costs on sea freight, transportation, raw materials and more, the company says.
Sumitomo Rubber N.A. to Increase Some Tire Prices May 1
The company says this price increase is due to increased costs in both transportation, labor and raw materials, in addition to other market factors.
Hankook to Increase Commercial Truck Tire Prices
The increase will be effective on shipments on or after May 1, based on increasing logistics, raw material cost and other market factors that have affected internal costs, Hankook says.
Bridgestone Increasing Firestone Truck, Bus Tire Prices
The new pricing, which will take effect on May 1, comes in response to continued escalating raw material costs, the company says.