WAYNE, N.J. (Dec. 7, 2009)—Hankook Tire America Corp. is raising prices by up to 5 percent in the U.S. on its full line of passenger, light truck tires and medium duty truck tires, effective Jan. 1.
The amount of the increase will vary by product line and/or size, Hankook said.
“The ongoing rise in the cost of raw materials and energy consumed in manufacturing and distribution continues to impact our industry,” said Todd Hershberger, senior vice president. “We are making every effort possible to control costs and improve and expand our production capacity.”
The last time Hankook Tire raised prices in the U.S. was Oct. 1, 2008.