Bridgestone Americas Tire Operations (BATO) has announced price increases in two of its divisions that will go into effect in the next two months.
The Off Road Tire, U.S. & Canada Commercial Tire Sales division (BAOR), has announced plans to increase prices by 12% with some in-line adjustments. The price increases will affect all mining, construction and industrial tires marketed by BAOR. The price increases are scheduled to begin March 1, 2011.
The Agricultural Tire, U.S. & Canada Commercial Tire Sales division (BAAG), has announced a 4% price increase on Firestone branded agricultural, construction and forestry tires; Bridgestone branded garden tires; and Regency branded tires 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 tires of the highest possible quality and value,” said Saul Solomon, President, U.S. 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.”