AKRON—Maxam Tire North America Inc. and Pirelli Tire North America/TP Commercial Solutions L.L.C. are raising prices on their respective brands, beginning April 1.
Danvers, Mass.-based Maxam Tire, a division of Maxam Tire International S.a.r.l., will increase prices in the U.S. and Canada on all radial and specialty products, as well as the industrial and construction product lines, by up to 7 percent.
John Overing, director of sales and marketing for Maxam, said this pricing action "is necessitated by the continued escalation in the cost of raw materials, as well as freight expenses that have impacted us in 2016 and will continue to be a factor in the business."