BRIDGESTONE BIKE TYRES TO RISE 3-10% IN SEPTEMBER
June 27 2008.

Bridgestone has announced that it will raise prices on tyres sold through retailers as of September because of high costs for such materials as natural and synthetic rubber.

The followes earlier rises in March and April.

Prices on passenger car and small-truck tyres will climb 5%, while truck and bus tyres will rise 7%. Products for cranes and other construction vehicles are to go up 10%, those for forklifts and other industrial vehicles 7-10%, and motorcycle tyres 3-10%.

Following the hike, passenger car tyres will cost nearly 30% more than in 2004.

Bridgestone had raised prices by a range between 5.5% and 10% in the March-April rises, but costs have continued to climb for raw materials, including carbon black, the company said.

The tyre manufacturer has also asked automakers to accept sharp price hikes on tyres used in new vehicles.


Source: The Nikkei