Increasing prices for fuel and raw materials has prompted Nordyne, St. Louis, MO, to implement a price increase through a surcharge process, effective July 1, 2008. A result of highly volatile steel, copper and aluminum costs along with escalating fuel prices, the surcharge allows NORDYNE to pass-along a portion of those costs without initiating a permanent price increase.
The company will perform monthly evaluations of the cost changes and their impact to determine future increases or decreases to the surcharges. Long-standing surcharges will be periodically reviewed and rolled into future price changes.
The July 1 surcharge announcement increases prices based on product family for coils, condensers and package systems by $4, $8 and $12 respectively.