GREENVILLE, S.C. (May 28, 2008) — Oliver Rubber Co. will hike prices for its retread rubber products by 5 percent June 1 in response to escalating raw material costs..
The Michelin North America Inc. subsidiary sells retread rubber under the Oliver and MegaMile brands for commercial, industrial and off-the-road tires. The company operates a retread rubber production facility in Asheboro, N.C., and a retread equipment division in Salisbury, N.C.