AKRON-Dramatic increases in raw material prices have prompted several retread material suppliers to hike their prices for the first time in almost two years. Bandag Inc. of Muscatine, Iowa, led the latest round with an April 15 price hike of 5 cents per pound for tread rubber, 6 cents per pound for cushion gum and a 3.5-percent increase for repair materials. It was the firm's first tread rubber price increase since August 1992, a spokesman said.
Oliver Rubber Co.'s vice president of marketing, Rick Volk, said his company has experienced ``substantial'' increases in prices for synthetic and natural rubber, carbon black and chemicals during the past year, prompting a decision to increase prices for the first time since September 1992.
The Oakland, Calif.-based supplier will raise precure tread prices by 4.5 cents per pound and cushion gum and repair materials 5.5 cents per pound, effective June 1. Its Long Mile precure treads, cushion gums and repair materials prices will increase 3.5 percent and Long Mile mold cure tread rubber prices will jump 4 percent, also June 1.
Hercules Tire & Rubber Co. of Findlay, Ohio, said its June 1 price increases will run 2.5 percent for precure tread, 2 percent on average for mold cure and 2.5 to 3 percent for repair materials.
Tuscumbia, Ala.-based Robbins Inc., maker of Ultima Rubber Products, plans to boost prices 4 cents per pound for precure tread rubber, 5 cents for cushion gum and repair materials and 4 to 5 percent on other retread materials, effective June 13.
Goodyear and Teknor Apex Co. of Pawtucket, R.I., have not announced any price increases.