Howard Industries announces that it is increasing prices by 15% effective immediately for all new transformer quotations. All outstanding quotations will be honored until expiration. This increase is necessary to offset substantial cost increases for raw materials, including core steel, conductor material (magnet wire and aluminum strip), and transformer oil, which will be implemented by our suppliers for material shipments as of January 1.
Howard Industries will continue its best efforts to mitigate the effects of raw material cost increases by working closely with our suppliers and by looking for ways to further improve our manufacturing processes. |
