Rovereto, Italy – Marangoni Direct Retreading and Services business unit is raising prices for its TBR and OTR retread products in response to increasing raw material costs, the Italian company announced 17 March.
The company said it was increasing the prices between 4% and 7% in Italy and Europe between March and April.
The decision, said the Marangoni unit, was made after an “extensive review” of manufacturing overheads.
The company has pledged to keep future changes to their price structure in line with the increasing cost of raw materials for each product type.
Marangoni Retreading Systems also announced in February that it was raising its prices for rubber materials used to retread tires in all European countries by between 4% and 8%, depending on the product category.