Marangoni Announce Price Increases from July Onwards
From July the 1st 2018, Marangoni’s retreading division will adjust the sales price for rubber materials used to retread tyres across the European community.
According to the company, “this increase will reflect that of the raw materials used by this sector but should also be seen in the context of the current conditions of the whole TBR tyre replacement market.”
Following the judgement taken by the European Commission to impose anti-dumping tariffs on TBR tyres and retreads imported from China, steep price increases on Chinese imports have already been recorded. This is resulting in a repositioning of all products present in the market in a step by step process.
The impact of the imports of Chinese TBR tyres had affected the local European industry, leading to catastrophic volume reductions and job cuts. With this in mind, Marangoni stated the following: “With the implementation of tariffs, fair competition is starting again and the whole supply-chain of tyre/retread material producers and retreaders are now asked to restore a fair and sustainable price level which might lead to the profitability needed to guarantee a viable future for these companies.”
For the time being, Marangoni’s increase will cover the recent raw material cost increases only. The increase will be at a level of about +0,15 €/kg for all countries in the European region.
Following the July’s price increase, Marangoni Retreading Systems will need to reposition itself too in the European Union member countries. Therefore, during the course of the third quarter, an additional price increase will value up to 6 € per tyre.