| On the revision of tire prices intended for the U.S.
marketi29, September, 2006j
Toyo Tire (U.S.A.) Corporation(President: Masaharu Yoshimoto),
the U.S. tire sales subsidiary of Toyo Tire & Rubber Co., Ltd. (President:
Yoshio Kataoka) will revise their tire prices as of October 1, 2006.
Prices for passenger car tires, small truck tires and tires for trucks and
buses will increase by a maximum of 5%, while tire prices for construction
vehicles will increase by a maximum of 7%.
The primary reason for the price revision is the surge in the prices of
natural rubber and petrochemical products, which are the raw materials for
tires. The increased prices for these materials exceeded the initial forecasts
for the current fiscal year and the company has decided that corporate cost-cutting
efforts alone will not be enough to absorb these rising costs.
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