Vendors to government announce price hikes
Two companies in the fleet and facilities arenas, Bridgestone and Johnson Controls, have announced boosts in prices. Nashville, Tenn.-based Bridgestone Americas Tire Operations (BATO) has announced price increases in the U.S across several of its divisions, including truck and bus, consumer replacement, consumer original equipment, agricultural, and off-road.
Beginning Nov. 1, Bridgestone, Firestone and associate brand passenger, light truck, medium truck, bus, agricultural and off-road tire prices increased up to 8 percent.
“We continue to face a number of market pressures including increased costs for energy, transportation and raw materials, resulting in the need for this price increase,” said Eduardo Minardi, BATO chairman, CEO and president. “While we are always working to balance costs and deliver a premium package of value to our customers, we have reached a point where we must respond.”
BATO is a business unit of Bridgestone Americas, Inc., whose parent company, Bridgestone Corp., is the world’s largest tire and rubber company.
Milwaukee-based Johnson Controls Building Efficiency business unit, meanwhile, has increased prices between 4 and 6 percent on its line of residential and light-commercial products, parts and accessories, including, but not limited to, the York, Coleman, Luxaire, Guardian, Source One and Fraser-Johnston brands. The Johnson Controls price hikes take effect immediately.
Johnson Controls Building Efficiency provides equipment, controls and services for heating, ventilating, air-conditioning, refrigeration and security systems for buildings.