Marangoni raises OTR retread product prices

Marangoni’s Direct Retreading and Services business has announced it will raise product prices in Italy and Europe between March and April.

The company said it will increase the cost of its TBR and OTR retread products by between 4 and 7 per cent in response to raw material price increases over the past few months.

In February, Marangoni Industrial Tyres raised product prices by 6 per cent, citing the cost of polymers and natural rubber.