Marangoni Industrial Tyres raises tyre prices from May 15
Marangoni Industrial Tyres has recently announced a price increase for its own tire products. The price hike will begin in mid-May. Currently, it is reported that the company plans to raise prices by at least 8 percent.
According to the company's official statement, the price increase will affect markets where the euro is the currency. Sales Director Lorenzo Stringari admitted that until now, despite the obvious difference between the euro and dollar exchange rates, the company had tried to maintain prices to reduce the burden on its customers. However, consumers will now be forced to make additional expenses to purchase the necessary products.
At the same time, according to the company's employee, the company still hopes for the best, and if the exchange rate returns to its previous level, the wholesale prices will likely be revised. The current price increase is due to the need to improve profitability.
"This is a necessary compensation. By paying an additional 8 percent of the initial cost, the consumer will receive tire products created using innovations and many technological know-how, as well as excellent service," emphasized L. Stringari. Recall that most of Marangoni Industrial Tyres' products are manufactured at a plant in Sri Lanka.
According to the company's official statement, the price increase will affect markets where the euro is the currency. Sales Director Lorenzo Stringari admitted that until now, despite the obvious difference between the euro and dollar exchange rates, the company had tried to maintain prices to reduce the burden on its customers. However, consumers will now be forced to make additional expenses to purchase the necessary products.
At the same time, according to the company's employee, the company still hopes for the best, and if the exchange rate returns to its previous level, the wholesale prices will likely be revised. The current price increase is due to the need to improve profitability.
"This is a necessary compensation. By paying an additional 8 percent of the initial cost, the consumer will receive tire products created using innovations and many technological know-how, as well as excellent service," emphasized L. Stringari. Recall that most of Marangoni Industrial Tyres' products are manufactured at a plant in Sri Lanka.