Bridgestone Increases Prices

Bridgestone has announced that it will raise its prices by 5 – 10 per cent on Bridgestone and Firestone branded passenger car tyres and by up to 10 per cent on its construction and mining vehicle products. The increases apply to products exported from Japan to Asia, the Middle East, Africa, and the former Soviet republics of the Commonwealth of Independent States (CIS).

The company says the price increases are to compensate for the rising costs of steel and oil-based materials. According to Bridgestone, the price increases will vary by product and by market, will be implemented in stages, from 1 January, 2005.