Bridgestone to Hike Tire Prices in Japan.Tokyo, Japan, Oct 12, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Bridgestone Corporation announced on October 11 that it will raise prices on February 1, 2007 for tires, tubes and flaps sold in the replacement market in Japan. Prices for winter tires will be increased on April 1, 2007. Specific price increases include 5.5% for passenger car and light truck tires, 8.0% for truck and bus tires, 10.0% for construction vehicle tires, 5.5% for motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. tires, excluding certain products, and 8.0% for other kinds of tires, and for tubes and flaps, excluding those for motorcycles. Prices of raw materials for tires such as natural rubber and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. materials such as synthetic rubber synthetic rubber: see rubber. and carbon black remain at high levels, while there had been temporarily downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. trends in natural rubber and crude oil prices in the markets. Bridgestone has endeavoured to offset the rises in raw material prices through the increased productivity and enhanced efficiencies that it is continuously implementing. But those rises have proven too large and persistent to absorb entirely through internal measures. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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