In a sign of further economic stress, Technitrol’s Pulse operation said it is increasing prices of its components by at least 10 percent worldwide, due, the company said, “to the skyrocketing costs of sub-components, consumables, energy and labor.”
Worldwide distribution prices were increased in July and direct customer notifications are underway.
“We are not alone in experiencing severe cost pressures in manufacturing and in needing to raise prices,” said Dan Jackson, VP of worldwide sales. “Government-mandated wage increases, rising supplier costs and well-publicized high fuel prices can no longer be absorbed. In the interest of our stakeholders, we must increase prices just to keep pace. Going forward, Pulse will closely monitor and match costs and pricing.”
Pulse’s power and signal products are used in computer networking, as well as in communications, power conversion, defense, aerospace, automotive, acoustics, medical devices and consumer electronics.
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