WAYNE, NJ — Hankook Tire America Corp. has announced plans to raise prices on its full line of passenger, high performance, light truck and medium truck tires by 3 percent, effective July 1.
The increase in prices reflects rising costs in raw materials, shipping and general operations, the tiremaker stated in a release.
Hankook continues to control its costs and expand capacities, commented Bill Bainbridge, marketing director at Hankook.
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