Yokohama Increases All Tire Prices

The Yokohama 104ZR urban/regional all-position/steer tire (photo courtesy of Yokohama Tires). 

Yokohama Tire Corporation announced that it will increase prices by up to 7% on all of its tires sold in the U.S., including commercial, off-the-road (OTR), and consumer. The increase will go into effect April 1.

“This pricing action is necessitated by the high cost of raw materials and freight expenses that have impacted us in 2016 and will continue to be a factor in the business,” said Rick Phillips, Yokohama Tire vice president of sales. “As always, Yokohama will continue to bring the best product to market at competitive prices.”

Phillips added that some in-line adjustments across commercial, OTR, and consumer lines will be determined within the month.

For more information on Yokohama's product line, visit www.yokohamatire.com.

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Yokohama to push up tire prices

Yokohama Tire Corp. plans to increase prices on all of its tires sold in the U.S., including all consumer, commercial, and off-road units, by up to 7% starting April 1 – a move necessitated by a number of cost factors, noted Rick Phillips, Yokohama's vice president of sales.

“This pricing action is necessitated by the high cost of raw materials and freight expenses that have impacted us in 2016 and will continue to be a factor in the business,” Phillips explained in a statement.

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Economic Watch: Manufacturing, Employment Help Launch Strong 2017

The U.S. manufacturing industry kicked off the year with its strongest performance in two years, according to a new report, while a separate one about the sector plus others regarding employment, personal spending and incomes all points to increased economic growth.

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Improving business conditions were also reflected in a sustained upturn in payroll numbers and the steepest rise in stocks of finished goods since the index began in 2007. Meanwhile, manufacturers reported that confidence regarding the year-ahead business outlook was the strongest since March 2016, which was mainly linked to hopes of a continued upturn in domestic economic conditions.

All this pushed the index to a reading of 55 in January, up from 54.3 in December and little changed from the preliminary January reading of 55.1. A reading above 50 indicates expansion while one below 50 signals contraction.

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Williamson cautioned that with input costs also rising at the steepest rate for over ...Read the rest of this story

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