Kumho Announces Price Increase
(Akron/Tire Review) Kumho Tire USA plans to increase prices on passenger, light truck and commercial truck tyres from the first of June. Depending on the type of tyre, prices will increase up to by up 8 per cent, according to the manufacturer. Continuing price increases for raw materials and rising shipping costs were the reasons cited by David Hudrlik, vice president and director of sales at Kumho. The last time Kumho raised prices was 1 October 2004.