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Jun 15

Yokohama OHT says high cost of materials is impacting prices

Yokohama Off-Highway Tires Europe says that materials cost and freight rates continue to rise at a dramatic pace on the global commodity markets.

Some raw materials have shown alarming increases (up to 30%), and these rises will inevitably have a knock-on effect on finished product prices.

In the case of YOHT, the company states that it will continue to absorb most of the additional costs; however, price increases of 5% will be applied on products from all plants and across the entire YOHT portfolio.

Source: Tire Technology International

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