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Toyo Tire to Increase Pricing By Aug. 1

Toyo Tire U.S.A. Corp. announced that effective August 1, the company will increase the dealer base prices across all tire categories by up to 8.5%.

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The price increase is a result of continued increases in raw materials and logistics costs, the company says.

In the past month, five tiremakers have announced a price increase due to market dynamics. These include Giti Tire, Hankook, Bridgestone, Pirelli and Michelin.

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