Oldcastle BE recently informed its customers regarding a 6% price increase on its aluminium and aluminium accessory products as of 16 September, due to rising raw material, energy and labour costs.
In a recent letter to customers, officials from Oldcastle BuildingEnvelope announced a price increase on its aluminium and aluminium accessory products. The 6% increase came into effect on all orders received, and shipments made, after 16 September.
Company officials attribute the price increase to rising raw material, energy and labour costs.
“Primary inputs, such as aluminium, plastics, gaskets, silicone and freight continue to rise, applying negative cost pressures on all of our products,” Mary Carol Witry, chief operating officer, said in the letter. “In addition to the material cost increases, we are experiencing a rise in labour and energy costs, resulting in higher operating costs. Despite our best internal cost containment measures, we are unable to mitigate the current costs any longer.”