Camso will raise prices 1-6% on its aftermarket products including tires due to the rising cost of raw materials.
The Quebec-based, off-road tiremaker said that the increases will affect Camso aftermarket customers globally and will be rolled out based on market dynamics in North America, Europe, the Middle East and Asia Pacific.
“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,” said Derek Bradeen, executive director of 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.”