Kumho Tires Announces 10 Percent Price Increase

RANCHO CUCAMONGA, Calif., Aug. 4, 2008 -- Kumho Tire USA, Inc., announced it will increase prices up to 10 percent, with additional in line adjustments, on passenger, light truck and truck and bus tires. The price increase will start on September 1, 2008.

"Dramatic increases in the cost of raw materials and transportation necessitate this action," adds Rick Brennan, Vice President Marketing, Kumho Tire USA.

Kumho Tire USA last raised prices in May 2008.

Founded in 1975 and headquartered in Rancho Cucamonga, CA, Kumho Tire U.S.A is the U.S. distribution arm of Kumho Tire Co. In addition to its 830,000 square foot headquarters and central distribution facility in Rancho Cucamonga, the company operates four additional distribution facilities in Atlanta, Chicago, Columbus and Dallas.