Further Bridgestone Americas price increases
In addition to previously announced price adjustments in its Bandag and truck tyre businesses, Bridgestone Americas Tire Operations has announced price increases for two of its off-road divisions. The company’s Off Road Tire, U.S. & Canada Commercial Tire Sales division (BAOR) has announced plans to increase prices by 12 per cent with some in-line adjustments. The price increases will affect all mining, construction and industrial tyres marketed by BAOR and are scheduled to begin March 1. Furthermore, the Agricultural Tire, U.S. & Canada Commercial Tire Sales division (BAAG), has announced a four per cent price increase on Firestone branded agricultural, construction and forestry tyres; Bridgestone branded garden tyres and Regency branded tyres sold in the United States and Canada replacement markets. The new pricing will be effective April 1, 2011.
“We are committed to providing our customers with tyres of the highest possible quality and value,” said Saul Solomon, president, US and Canada Commercial Tire Sales BATO. “While we make every effort to absorb cost fluctuations through efficiencies, the widespread rise in the cost of raw materials, fuel and transportation have made these adjustments necessary at this time.”