Vipal Raises European Retread and Repair Prices 10%
Brazilian based retreading and repair material manufacturer Vipal has announced that it is to increase its prices by 10 per cent across the board. The price increase is scheduled to take affect on 1 October 2010. The company says it will make every effort to attend to orders placed before this date, respecting the requirements of all our customers while stocks last.
“…Vipal have been working hard to cut our direct and indirect costs in line to avoid increase prices, nowadays the world is facing very changeable raw material prices in the market, that keeping raising month by month,” Vipal Europe manager Alessandro Bottesini Campos explained in a statement, adding: “Despite Vipal’s best efforts to absorb as much as possible the impact of raw material price increase, and some adjustment we already did in this year, we are unable to maintain our current sales prices.”
In his statement Bottesini Campos didn’t rule out future price increases saying: “Vipal is compromised to maintain the new prices for as long as possible.” However the company faces pressure from “persisting…current trends.” As a result the company committed to telling the market at least 30 days before any future price increase.
Marangoni Retreading systems announced it would raise its prices by 12 per cent on 3 August, effective from that time.