Camoplast Solideal will implement a price increase of up to 10% for its Material Handling and Construction products in Europe come May 1, 2015 following the ongoing depreciation of the euro and other currencies, in light of a strengthening US dollar.
“The cost of raw materials, labour and shipping are all dollar-based activities for our business. Initially, we were able to offset the impact of this negative exchange rate with favourable raw material costs but as the euro has continued to deteriorate, maintaining this balance was no longer possible,” indicates François Augnet, Chief Operating Officer – Construction and Material Handling at Camoplast Solideal. “Despite this rational price increase, we remain committed to delivering the most competitive products in the industry to our dealer and distribution network to ensure their continued success,” concludes François Augnet.
Camoplast Solideal is the largest specialized off-the-road tire manufacturer that can meet all tire and track performance requirements for compact construction equipment and, has the broadest range of products to serve the material handling market. The business offers the right tire for the right application for any complex mobility need.