ROVERETO, Italy—Marangoni Direct Retreading and Services business unit is raising prices for its TBR and OTR retread products in response to increasing raw material costs, the Italian company announced March 17.
The company said it was increasing the prices between 4 percent and 7 percent in Italy and Europe between March and April.
The decision, said the Marangoni unit, was made after a review of manufacturing overheads. The company has pledged to keep future changes to their price structure in line with the increasing cost of raw materials for each product type.
Marangoni Retreading Systems announced in February that it was raising its prices for rubber materials used to retread tires in all European countries by between 4 percent and 8 percent, depending on the product category.