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TIRE MAKERS NEWS * USA
* Continental to hike prices of OE truck tires
Charlotte,NC,USA - CCJ -20 May 2008: -- Continental Tire North America Inc. recently announced a price increase of up to 8 percent on all Continental and General Tire brand original equipment truck tires in the NAFTA region. The price increase, effective Aug. 1, will vary by market line and/or tire size... This price increase is a result of the continued escalation of transportation, energy and raw material costs that we are unable to compensate with increased manufacturing efficiencies,” says Tom Fanning, the director of original equipment truck tires for the Americas...* Bridgestone, Toyo Team Up
USA -TruckingInfo -21 May 2008: -- Bridgestone Corp. and Toyo Tire & Rubber Co. have formed an alliance to help them deal with "unprecedented changes in the business environment," including skyrocketing raw material costs. The two companies agreed to pursue consultation in business alliances and entered into a "business and capital alliance agreement."... Toyo will issue 20 million shares of new ordinary stock and allocate it to Bridgestone. That will give Bridgestone 8.72 percent of all outstanding stock, including this issue...
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