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Yokohama Tire Corp. will implement a price increase on its consumer replacement tires and commercial truck tires, the company announced Oct. 1.
The hike is set to go into effect Nov. 1 for tires sold in the U.S. The company said the decision was made in response to an unparalleled rise of freight and operational costs.
The continued increase in raw materials costs also played a role. It is unclear how much the increase will be.
Yokohama Tire is the North American manufacturing and marketing arm of The Yokohama Rubber Co. The Japanese company was founded in 1917. — Transport Topics
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