Hankook Increases Prices

Hankook Tire America Corp. is raising prices by up to 8 per cent on its full line of passenger, high performance and light truck tyres and up to 5 per cent on its medium duty truck tyres. The amount of the increase will vary by product line and/or size, and will take effect July 1.

The increase in prices reflects the industry’s sharply rising costs for raw materials and energy consumed in manufacturing and distribution, Hankook said.