Toyo to raise prices 5%

CYPRESS, Calif. (April 3) — Toyo Tire (U.S.A.) Corp. will increase prices on its consumer products by up to 5 percent, effective May 1.

Steve Weinger, senior vice president, sales and marketing for Toyo, said the firm needed to adjust prices because of increasing raw materials, energy and transportation costs.

Recently Yokohama Tire Corp. and Bridgestone/Firestone also announced price increases effective May 1.

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