Bridgestone raises European retread material prices
Bridgestone Europe is to roll out a new round of price increases for retread materials across Europe during the first quarter of 2012. Starting on 1 March and varying from country to country, price increases will average 10 per cent for Bridgestone and Bandag pre-cure tread products and 8 per cent for Bandag cushion gum products.
Commenting on the announcement, Yves Kerstens, managing director of the commercial products business unit at Bridgestone Europe, said: “Prices in this product group have still a significant gap to recover the raw materials cost increases we have suffered in the last two years. While we are continuously making every effort to absorb cost increases through productivity, efficiencies and flexibility. We appreciate the continued support and understanding of our customers as we remain committed to providing the highest quality products and deliver a premium package of value.”