Company to hike prices
RAE
Corp’s coils division announced Thursday it is raising prices on new quotes
because of higher materials prices.
RAE Corp’s coils division announced Thursday it is raising prices on new quotes because of rising materials prices.
“Despite reduced demand for these materials, commodities are experiencing significant speculative activity,” said Kevin Trowhill, vice president of sales for RAE Corp. “This speculation, combined with the weak U.S. dollar, has resulted in the dramatic increases for copper and aluminum.”
The amount of any price increase will vary by how much aluminum or copper the product contains, officials said.
RAE Corp’s coils division announced Thursday it is raising prices on new quotes because of rising materials prices.
“Despite reduced demand for these materials, commodities are experiencing significant speculative activity,” said Kevin Trowhill, vice president of sales for RAE Corp. “This speculation, combined with the weak U.S. dollar, has resulted in the dramatic increases for copper and aluminum.”
The amount of any price increase will vary by how much aluminum or copper the product contains, officials said.
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