Rancho Cucamonga, CA – Sumitomo Rubber North America will increase prices in the U.S. and Canada on Falken and Ohtsu brand passenger, light truck and medium truck tires as well as implementing inline adjustments on a per size basis. The price increase of up to 10 percent will be effective October 1.
Several factors have driven the need for this price increase including increased costs in transportation, labor and raw materials in addition to other market factors.
Sumitomo Rubber North America, comprising both Falken Tires and Dunlop Motorcycle Tires, is a subsidiary of Sumitomo Rubber Industries, Ltd.
Source: Rubber World
