INDIANAPOLIS (USA) (April 19, 2010) — Due to the escalating costs of raw materials, Firestone Industrial Products Company, LLC, will increase its prices by up to five percent on air springs for the North American heavy-duty aftermarket, effective July 1, 2010.
“Raw material prices continue to rise, and despite our diligent efforts to manage external costs through internal cost reductions and efficiency improvements, it is necessary for us to increase our prices at this time,” said Mike Cerio, president of Firestone Industrial Products. “While the programs we have implemented have helped, currently we are unable to fully combat these escalating costs.”
About Firestone Industrial Products Company, LLC:
Firestone Industrial Products Company, LLC, a subsidiary of Firestone Diversified Products, LLC, specializes in air spring manufacturing and technology with a history of more than 70 years of research and development on technologically advanced air springs. Its famous Airide(TM) brand has set the standard for air spring manufacturing and technology since 1939. For more information, visit www.firestoneip.com.
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