US Yokohama OTR tyre prices heading upwards

Price increases of up to 11 per cent for all US market OTR tyres will be implemented by Yokohama Tire Corporation on September 1. These price rises will also be accompanied by in-line adjustments, the details of which will be announced at a later date.

Gary Nash, Yokohama vice president, OTR Sales, attributes the price increase to the escalating costs, particularly for raw materials: “The entire OTR industry continues to be challenged with high costs of raw materials that it has had to contend with over the last few years,” he said. ”Compounding these costs are the rising costs in transportation and manufacturing. We regret to have to take the step but find it necessary to have the increases reflected in our pricing. As always, Yokohama will produce the best OTR tyres at competitive prices using our latest technology and environmental procedures and integrating them with operational efficiencies.”