GREENVILLE, S.C. (April 1, 2010)—Citing the continued escalation of raw material costs, Oliver Rubber Co. will increase prices for its Oliver and MegaMile retread rubber products by 4 to 7 percent effective today.
The wholly owned subsidiary of Michelin North America Inc. sells retread rubber under the Oliver and MegaMile brands for commercial, industrial and OTR tires via a network of Oliver-brand licensees throughout North America.
The Greenville-based company, which has been in business since 1912, operates a retread rubber production facility in Asheboro, N.C., and a retread equipment division in Salisbury, N.C.