RANCHO CUCAMONGA, Calif. (Dec. 7, 2009)—Kumho Tire U.S.A. Inc. will raise prices Jan. 1 on Kumho-brand passenger, light truck and commercial tires by up to 8 percent to offset the rising cost of raw materials.
Kumho last raised tire prices in the U.S. Oct. 1 but only on tires imported from China. That increase was up to 12 percent.
Prior to that, Kumho's last price increase was Sept. 1, 2008.
Rancho Cucamonga-based Kumho Tire U.S.A is the U.S. distribution arm of South Korea's Kumho Tire Co. Inc.