Rovereto, Italy – Marangoni Retreading Systems is raising the price for rubber materials used for retread tires for a second time this year, due to increasing raw materials prices and supply chain challenges.
Effective as of 1 June, the prices will be adjusted upwardly by €0.20/kg – €0.30/kg depending on the product, Marangoni announced 3 May.
This follows a 1 March increase in prices by €0.20/kg.
Marangoni said the price hike was due to “the sharp rises in prices and shipping costs of raw materials.”
For instance, it said, the cost of synthetic rubber on the spot market “almost doubled” in less than one year.
In addition, supply chain bottlenecks due to a shortage of shipping containers have had “drastic impacts on availability and price.”
According to Marangoni, transport costs on Asia-EU shipping routes have soared, particularly with regards to natural rubber, whose shipping costs rose by “300% or 400%.”
Marangoni noted that it is “continually committed to reducing the impact of these growing costs."
“However, we are forced with this second price adjustment to shift another part of these additional costs to our products’ price,” added Matthias Leppert, Marangoni Group’s COO and managing director of Marangoni Retreading Systems Deutschland.