Forklift tyre prices rise in Europe

Local News
- 23 Apr 2015 ( #715 )
2 min read
Prices will rise for Marangoni industrial tyres next month.
Prices will rise for Marangoni industrial tyres next month.
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.

"Nonetheless, while hoping the exchange rate returns to previous levels, in the current situation, the margins on our products are no longer sustainable. The now consolidated appreciation of the dollar against the Euro has forced us to revise our selling prices to partially offset this fall in margins."

Swedish manufacturer Trelleborg Wheel Systems will increase prices by 7 to 10% for its European agricultural and forestry tyres customers from 1 June. The tyre producer previously announced a price increase for its industrial tyre customers (Forkliftaction.com News #706).

"The price rise, which includes tyres for agricultural, forestry and light agricultural applications, is driven by a macroeconomic pressure on the manufacturing footprint outside the European area," Trelleborg said in a statement.

The company also cites the strong US dollar and the prices of raw materials for the significant increase in its production costs.

Meanwhile, Ute Weiss, a spokesman for the Commercial Specialty Tires (CST) business unit of German manufacturer Continental AG, says CST is currently not disclosing any price changes in its products. "Continental is an international company with worldwide subsidiaries; its business unit, CST, also operates globally. As a result, we have to take various factors into consideration that considerably influence the price development. Fluctuations in commodity markets and changes in exchange rate are only two of them."

"The price development in the specialty tyre market is determined by various global and regional factors. These include, among others, raw materials prices, competition, demand and production costs," Weiss adds.
US prices set to rise
US prices set to rise 9 Aug 2018 - United States - 2 min read
Camoplast hikes prices
Camoplast hikes prices 19 Mar 2015 - Magog, Québec, Canada - 1 min read
Briefs
Briefs 19 Feb 2015 - 2 min read
Previously about:
Camoplast rebrands News Story - 6 Aug 2015 - Magog, Quebec, Canada - 1 min read
Forklift energy efficiency starts from the ground up Advertisement - 18 Jun 2015 - 1 min read
Camoplast hikes prices News Story - 19 Mar 2015 - Magog, Québec, Canada - 1 min read
Marangoni launches new range News Story - 26 May 2016 - Rovereto, Italy - 1 min read
Trelleborg to feature smart solutions at CeMAT 2016 Advertisement - 14 Apr 2016 - 2 min read
ProMat breaks attendance, exhibit records News Story - 26 Mar 2015 - Chicago, IL, United States - 2 min read
Briefs News Story - 19 Feb 2015 - 2 min read
Do you have materials handling news? Submit your news here

Seeking Ambitious Dealers Globally. Your chance to join a leading heavy machinery brand. Exclusive territories await!

Exclusive Territories Available. Join SOCMA's leading innovation in heavy machinery. 

Partner for success. Enjoy comprehensive support and impressive profit potential.

Contact us now - +86 153 050 495 72 - www.socma-forklift.com 

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Seeking Ambitious Dealers Globally. Your chance to join a leading heavy machinery brand. Exclusive territories await!

Exclusive Territories Available. Join SOCMA's leading innovation in heavy machinery. 

Partner for success. Enjoy comprehensive support and impressive profit potential.

Contact us now - +86 153 050 495 72 - www.socma-forklift.com 

Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

RAEDER-VOGEL
Innovative high-quality wheels and castors for the forklift industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Konecranes Liftace F16-600C, 2023, 16T Heavy Forklift Truck.
Hyster H46-33 IH, 2010, Diesel Reach Stacker.
SMV 4535 TB5, 2014, Diesel Reach Stacker.
Kalmar DCG 160-12, 2021, 4 wheel counterbalanced forklift >10T.
SMV 42-1200C, 2020, 4 wheel counterbalanced forklift roro >10T.

KEEP ON MOVING!

T: +31 20 497 4101 | Web | Email | Shopfront