Bridgestone Europe to raise tyre prices

ERJ staff report (DS)

Brussels -- Bridgestone Europe NV/SA has announced that it will increase prices on all consumer, commercial, and speciality tyres from October 2010.

Depending on the market & product category, prices will increase by 3 percent to 6 percent.

Commenting on the announcement, Makio Ohashi, CEO and President of Bridgestone Europe stated, "The increase in the cost in raw materials has continued and reached a historically high level. We have to recover some of those costs by this price increase and most probably further increases will be necessary in the coming year."

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Press release from Bridgestone