A number of tyre producers have followed Camoplast Solideal’s lead (Forkliftaction.com News #710) and announced price hikes for tyres in Europe.

Italian tyre maker Marangoni Industrial Tyres announced at the end of last month that it will introduce an 8% increase in the selling price of all Industrial Tyres business unit products from 15 May. The price rise will apply to markets invoiced in Euros.

Marangoni makes most of its products at its Sri Lanka factory, and like all other manufacturers in the sector, needs to offset the effects of the significant strengthening of the US dollar and the consequent increase in production costs.

Sales director Lorenzo Stringari explains: "So far, we have managed to reduce the negative impact of the US dollar-Euro exchange rate, keeping down costs and thus avoiding extra costs for our customers.