The Italy-based company says that from June 1 prices will go up by by 0.20 €/kg to 0.30 €/kg depending on the product. This follows a previous increase in rubber retreading prices in March.
It says the latest price adjustment is due to sharp rises in prices and shipping costs of raw materials, including the cost of synthetic rubber on the spot market which has almost doubled in less than a year.
The manufacturer adds that supply chain bottlenecks due to shipping container shortages are having drastic impacts on availability and price, and that transport costs on Asia-EU shipping routes have soared. Natural rubber, in particular, is feeling the squeeze with shipping costs increased by 300% or 400%.
Matthias Leppert, Marangoni Group COO and managing director of Marangoni Retreading Systems Deutschland, commented: “Marangoni is continually committed to reducing the impact of these growing costs. However, we are forced with this second price adjustment to shift another part of these additional costs to our products' price."
