Bridgestone Raises Commercial Tire Prices 11%

Rising raw-material blamed

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NASHVILLE, Tenn. (July 1, 2011) - Bridgestone Commercial Solutions, a business of Bridgestone Americas Tire Operations, announced today that effective immediately it has increased prices in the U.S. and Canada on its Bridgestone and Firestone brand truck and bus tire products, Bandag brand retreads and related retreading materials. In addition, the price of Bridgestone, Firestone and Continuum OTR tire products and retread rubber will increase effective Aug. 1. The total average increase for all of the products listed above will be 11 percent.

“Volatile market conditions continue to provide many challenges to the transportation industry, and Bridgestone Commercial Solutions is certainly not immune to the rising cost of doing business,” said Kurt Danielson, President, Bridgestone Commercial Solutions. “We are particularly impacted by intense supply pressures and escalating raw materials, making this increase necessary at this time.”