Toyo to Raise Consumer Tyre Prices

(Akron/Tire Review) Toyo Tire (USA) Corp. announced a price increase of up to 5 per cent on consumer products, effective May 1.

“Due to the rapidly increasing raw materials, energy, and transportation costs, we need to adjust our pricing accordingly,” said Steve Weinger, senior vice president of sales and marketing. “Toyo Tires will continue to maintain our high quality of products and service.”