Tyre prices set to rise

Camso will increase the prices of its products distributed through its aftermarket business.

The company says in the past year, it has introduced technology innovations in solid and pneumatic tyres, tracks, and track systems across its construction, materials handling and agriculture business lines. These improvements offer enhanced performance and life.

"We're very proud of the new products we've brought to market. However, we've seen significant increases in the cost of raw materials, logistics and other operating costs required to manufacture and distribute our products over the past year," says Derek Bradeen, executive director, brand, communications and global marketing at Camso. "We've done our best to avoid a price increase with our aftermarket customers, but are now required to take action on this at the present time."

The price increase will affect Camso aftermarket customers globally. Increases will vary from 1% to 6% across product lines and regions. The increases will be introduced at different times in North America, Europe, the Middle East and Asia Pacific.

Camso says it remains committed to delivering high-performance products to meet the unique niche mobility needs of the off-the-road market and will continue to best serve its dealers and distributors by providing them with the right tyre, track or system for any application their clients are running.

Camso increased prices by 8% from April 1, 2017, following a similar move by Italian manufacturer Marangoni Industrial Tyres. Sri Lanka's GRI (Global Rubber Industries) took a similar approach, increasing prices "between 5-8% based on the product line".