Bandag Inc. will increase its tread rubber prices by 3% in the United States and 5% in Canada on Jan. 1, 2003.
"Like others in the tire industry, we've seen an upward trend in our raw material costs," says Bandag Chairman and CEO Marty Carver.
"Pricing for our tread rubber products has been realigned to reflect these increased costs."
Bandag's share of the domestic truck tire retread market equals 44%, according to Modern Tire Dealer data.
