Yokohama Rubber Ups Tire Export Prices.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Aug 28, 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) ) - Yokohama Rubber announced today that it will raise the prices of its exports of tire products incrementally, starting in September. This move is a measure to partially offset the high and rising cost of natural rubber and of synthetic rubber synthetic rubber: see rubber. , carbon black and other 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. Yokohama will raise the prices of all of its tire product exports, including tires and tubes for passenger cars, for trucks and buses, and for construction and mining equipment. The increases will range from 5% to 15% and will vary by product and by market. Further price increases are possible, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. today's announcement, subject to trends in raw material costs. The company said it had strived to absorb the surge in raw material costs, which began in 2004, through internal cost reductions. It has also raised prices of some tire products in some export markets. The nearly across-the-board price increases announced today were due to a further rise in raw material and energy costs in 2006 and a related rise in shipping costs the company said. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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