Yokohama lifts OTR prices in US

Yokohama Tire Corporation is ringing in the New Year with hefty price rises on its OTR tyres. As of 1 January 2012, base prices for these products in the US will increase by up to 15 per cent; this list price adjustment will be followed by additional in-line adjustments, the details of which Yokohama will announce at a later date.

Gary Nash, Yokohama vice-president, OTR Sales, also said that tyres shipped after December 31 and back-ordered tyres will be charged at the new, higher rate. “We regret having to make another price adjustment, but find it necessary due to the costs of raw materials, such as natural rubber, that have remained at high levels,” he said. “It’s an ongoing challenge for the entire OTR industry, but Yokohama will continue to use the latest technologies, operational efficiencies and environmental procedures to produce the best OTR tyres at competitive prices.”