ERJ staff report (RD)
Rovereto, Italy -- Marangoni expects to increase prices again in the second quarter of 2010 (Q2) due to the â€œcontinuous rise in the costs of raw materials,â€ 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.
â€œAs 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,â€ said Massimo De Alessandri, Marangoni ceo.
â€œWe don't yet know the exact amount of the increases that will be appliedâ€, De Alessandri added, â€œhowever they will substantially be in line with those made and implemented in the first quarter of 2010.â€
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Press release from Marangoni