Marangoni announces further price increases in Q2

ERJ staff report (RD)

Rovereto, Italy -- Marangoni expects to increase prices again in the second quarter of 2010 (Q2) due to the “continuous rise in the costs of raw materials,” a 30 March company statement said.

The announcement follows a previous price increase of 7 percent on all retreading products from 1 March in Europe.

“As much as Marangoni is continually committed to reducing the impact of the growing costs of raw materials, the continuation of this phenomenon -- which over the last year has led to a doubling in the cost of natural rubber and a considerable increase in the cost of all petroleum derivatives -- we are unfortunately forced to shift at least some of these costs to the price of our products,” said Massimo De Alessandri, Marangoni ceo.

“We don't yet know the exact amount of the increases that will be applied”, De Alessandri added, “however they will substantially be in line with those made and implemented in the first quarter of 2010.”

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Press release from Marangoni