Nokian Tyres to Raise Prices Up to 6%
COLCHESTER, VT - Nokian Tyres Inc. will raise prices on all of its products from 3 to 6 percent, effective Jan. 11, due to rising raw material and other costs, according to Modern Tire Dealer.
The increases apply to North America only, according to Nokian.
"Like all other manufacturers, we have been impacted by the increase in raw material, transport, and energy costs," says Nokian President Bernie Del Duca.
Nokian joins a number of other tire manufacturers who recently announced price increases.