Raw materials costs hit US rubber parts makers

Akron, Ohio – More than 80% of US rubber product manufacturers faced an increase in raw materials pricing in 2018, a survey by the Association for Rubber Products Manufacturers (ARPM) shows.

The level – more than double that of 2017 – continued into the final quarter, with 82% of respondents reporting raw materials price increases, ARPM noted.

The high proportion of companies paying more for their materials compared to 40% for the same period in 2017, 21% in 2016 and just 5% in 2015.

For 2018 as a…

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