Camso Inc. will increase prices on all of its product lines. The increase will be implemented globally, but the timing will be based on market dynamics in North America, Europe, the Middle East and Asia Pacific.
The company says prices will go up between 1% and 6% across all product lines and regions.
“We’re very proud of the new products we’ve brought to market," says Derek Bradeen, executive director of brand, communications and global marketing for Camso. "However, we’ve seen significant increases in the cost of raw materials, logistics, and other operating costs required to manufacture and distribute our products over the past year. We’ve done our best to avoid a price increase with our aftermarket customers, but are now required to take action on this at the present time."
For more information about Camso, go to www.camso.co.