Bridgestone said price adjustments for Bridgestone and Bridgestone Canada vary according to product lines and services, but did not disclose any percentage range.
Bridgestone says its sales and customer teams are delivering specific details to each customer. The tyre maker said prices have risen to deal with rising business costs and other market prices. This is the fourth Bridgestone price adjustment published in the past few weeks.
On September 24 bato raised the price of Dayton truck and bus tyres in the United States and Canada by 10%, and on October 1 raised the price of replacement passenger and light truck tyres sold in the United States and Canada. In the United States, the proportion of "selected" Firestone agricultural tyres sold in the United States and Canada was 3.5 percent and 4 percent, respectively.
Cooper Tire and Rubber Co. (Cooper produces all the load and light-duty tire brands up to 4%) and Mazho Tire United States Co., Ltd. (up to 6% of passengers, light trucks and medium-duty truck tires) on Oct. 1, the U.S. stock price also rose.
Other tire manufacturers announcing an increase in prices from 1 November include:
Giti Tire United States (passenger, light truck, SUV and CUV tires 5%, all truck/ bus tires up to 10%); Alliance Tire Americas (all product lines of the Alliance, Galaxy and PrimeX brands are 4%); and Nexen Tire Americas (up to 6% of all passenger cars and light truck tires sold in the U.S.).
As a big supplier of rubber chemicals in North America market, Shenyang Sunnyjoint Chemicals Co., Ltd. will keep an eye on the tire market undulate.