16 OCTOBER 2014Glassmagazine.com
Oldcastle BE announces price increase on aluminum products
Edited by : AL CIRCLE
1 min read
In a recent letter to customers, officials from Oldcastle BuildingEnvelope announced a price increase on its aluminum and aluminum accessory products. An increase of 6 percent went into effect on all orders received, and shipments made, after Sept. 16, according to the letter.
Company officials attribute the price increase to rising raw material, energy and labor costs.
“Primary inputs, such as aluminum, plastics, gaskets, silicone and freight continue to rise, applying negative cost pressures on all of our products,” Mary Carol Witry, chief operating officer, said in the letter. “In addition to the material cost increases, we are experiencing a rise in labor and energy costs, resulting in higher operating costs. Despite our best internal cost containment measures, we are unable to mitigate the current costs any longer.”
Company officials attribute the price increase to rising raw material, energy and labor costs.
“Primary inputs, such as aluminum, plastics, gaskets, silicone and freight continue to rise, applying negative cost pressures on all of our products,” Mary Carol Witry, chief operating officer, said in the letter. “In addition to the material cost increases, we are experiencing a rise in labor and energy costs, resulting in higher operating costs. Despite our best internal cost containment measures, we are unable to mitigate the current costs any longer.”
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