Toyo to Increase Prices in US

Prices for passenger car, light commercial, truck and bus tyre products sold by Toyo Tire U.S.A are set to increase by up to eight per cent. These increases take effect as of July 1.

“Rapidly escalating petroleum costs have affected both the cost of manufacturing and the transportation of both materials and products,” said Steve Weinger, senior vice president, sales & marketing, Toyo Tire U.S.A. Corp. “Toyo continues to do everything in our power to keep increases minimal while still providing a premium product for our valued customer.”