Rovereto, Italy – Marangoni Retreading Systems is increasing prices for rubber materials used to retread tires across Europe, in the aftermath of the anti-dumping duties placed on imported Chinese TBR tires.
Effective as of 1 July, the price hike will be roughly about "+0,15 €/kg", said a 20 July company statement.
While the increase reflects rising raw materials costs, Marangoni has also blamed the “current conditions of the TBR tire replacement market” for the move.
“With the decision of the European Commission to impose anti-dumping tariffs on TBR tires and retreads imported from China, steep price increases on Chinese imports have already been recorded,” noted Marangoni.
And a repositioning of all products currently in the market is taking place “step by step”, the company added.
“With the implementation of tariffs, fair competition is starting again and the whole supply-chain of tire/retread material producers and retreaders is now asked to restore a fair and sustainable price level,” explained Marangoni.
The company release went on to state that Chinese TBR imports “had harmed the local European industry and had led to dramatic volume losses and job cuts.”
According to Marangoni, the current price rise will cover recent raw material cost increases only.
Following the July price increase, said Marangoni, the company will need to “reposition” itself in the EU market.
This, it added, will mean an additional hike – with up to €6 per tire – during the course of the third quarter.