RANCHO CUCAMONGA, Calif. (Feb. 7, 2011)—Kumho Tire USA Inc. plans to raise prices on all passenger, light truck and medium truck tires, effective March 1.
The Rancho Cucamonga-based tire marketer said the “unprecedented increase in raw material costs over the past few months have made it absolutely essential for Kumho to implement this increase.”
Details of the latest price increase will be provided to Kumho customers in the near future, the company said.
Kumho increased prices up to 6.5 percent Nov. 1 on all its U.S. products. Prior to that, the tire maker hiked prices in the U.S. on its passenger and light truck tires up to 8 percent, effective June 2010.