TRELLEBORG, Sweden—Trelleborg Wheel Systems has joined Italy's Marangoni and Canada's Camoplast Solideal in raising its prices for agricultural tires in Europe.
The Swedish rubber and tire company said on April 17 that it would have a 7-10 percent increase in Europe, effective June 1.
The price rise, which includes tires for agricultural, forestry and light agricultural application, is driven by a “macroeconomic pressure” on the manufacturing footprint outside the European area.
The strong appreciation of the U.S. dollar against the euro along with the procurement of raw material out of Asia has led to significant production cost increase.
Italy's Marangoni Industrial Tyres is also introducing an 8 percent increase in the price of all “industrial tires” as of May 15.
The price rises will be apply to markets invoiced in Euros.
Canadian OTR tire maker Camoplast Solideal also announced in March that it would increase prices up to 10 percent for its material handling and construction products in Europe, following the “depreciation of the Euro and other currencies against U.S. dollar.”