Yokohama OTR Prices Set to Rise

In response to the ongoing rising cost of raw materials Yokohama Tire Corp. has announced it will increase the price of its OTR tyres by between 3 and 5 per cent as of January 1.

Director of OTR tyre sales, Gary Nash, stated that the cost increase of raw materials, petroleum materials, energy and transportation had reached such record levels that a price increase had now become a necessity. But he was also quick to point out that until now increased material costs had been offset by improvements in the company’s operational efficiency, therefore this increase was in line with all Yokohama’s other product lines.

The price increase applies to all OTR brands produced by the company. Specific details will be released at a later date.