Arnco adds surcharge to flatproofing products
Arnco will tack on a surcharge of three cents per pound for its flatproofing material in an effort to counter rising oil and petrochemical costs.
It goes into effect on July 1.
The surcharge "does not even cover the direct costs related to raw materials," according to Arnco President Larry Carapellotti.
The charge will be applied to Arnco's full range of flatproofing materials, he says.
"We believe our customers will understand that in the current economic conditions, price increases for petrochemical-related materials are completely justified and unavoidable."