Marangoni Retreading Systems Raising Prices in Europe
Marangoni Retreading Systems reports that, like all other producers, it has been impacted by the increases in raw material costs. The company notes that in recent months a reduction in global production and growing demand from Asian consumers has led to a steep rise in natural rubber prices, overcoming the peak reached in October 2008. Furthermore, adds Marangoni, the cost of other raw materials has increased due to the recovery of oil prices. A third said factor swelling costs is the introduction of a Europe wide law at the start of the year prohibiting the use of polyaromatic oils in the production of compounds.