Yokohama Rubber to Increase Export Tire Price
Trust the Japanese to put a damper on the festive season with such an announcement. If you are eyeing that Yokohama tires, better make the decision fast.
The Yokohama Rubber Co. today announced that it would increase the export price of tire products from January 2010. The price increase applies to all tire products for passenger cars, light trucks, trucks and buses, and vehicles for construction and industry, and to all overseas markets except for Japan. The maximum markup is around 15 percent. But even larger markup may be applied to specific regions and products.
Reason given for the increase in price is mainly the difficulty in absorbing the increase in price of natural rubber and crude oil products used as raw materials.
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