Mar 28, 2017 INDIANAPOLIS, Ind.
Rising Costs of Raw Materials Warrant Price Increase for Firestone Industrial Products
Firestone Industrial Products, LLC today announced an average price increase of up to six percent on its light-duty and heavy-duty air spring products. The increase, driven by the escalating costs of raw materials specifically the unprecedented rise in the cost of natural rubber, is currently being deployed.
“We are committed to managing our product pricing through strategic programs and efficiency improvements internally, however, at this time we’re unable to offset rising commodity costs,” said Scott Damon, president at Firestone Industrial Products.