“The record escalation of raw material costs, petroleum-related material and energy costs, as well as transportation costs, have combined to make price increases a necessity,” said Gary Nash, director of OTR tire sales. “Yokohama’s improvements in operational efficiency have actually helped offset higher materials costs. In fact, the 3% to 5% bump is inline with all our other product lines.”
Inline adjustments will be announced at a later date, Yokohama said.