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raw material costs

Marangoni Retreading Will Raise Prices in Most of Europe

On July 1, 2018, the Retreading Systems Division of Marangoni SpA will upwardly adjust the sales price for rubber materials used to retread tires in all countries of the European Area. "This increase will reflect that of the raw materials used by this sector but should also be seen in the context of the current conditions of the whole TBR tire replacement market." said the company.

Hankook Suffers Sales Slowdown in 2Q 2017

Hankook Tire Co. Ltd. posted income before taxes of 3.1 trillion won on net sales of nearly 17.3 trillion won for the second period ended June 30, 2017. That compares to income of 2 trillion won on sales of 16.4 trillion won for the same period in fiscal 2016.

Cooper's 2Q Results Reflect Market Turbulence

Brad Hughes, CEO and president of Cooper Tire & Rubber Co., says "raw material cost variability, weak trends in retail sell-out of tires to consumers, elevated inventory in the channels and a fluid pricing and promotional landscape" were challenges that affected the company's second-quarter 2017 fiscal year results.

Trelleborg Plans More Price Increases for Sept. 1

For the second time this year, Trelleborg Wheel Systems America Inc. plans to raise prices on its agricultural, forestry, industrial and construction pneumatic tires. The need for the increases was "driven by higher raw material costs."