Ampco-Pittsburgh Corporation Subsidiaries Announce Price Increases
March 02 2015 - 9:33AM
Business Wire
Ampco-Pittsburgh Corporation (NYSE:AP) announced that its
subsidiaries, Union Electric Steel Corporation and Union Electric
Steel UK Limited (referred to herein as the “Union Electric Steel
Group”), will increase prices on all roll products effective March
1, 2015.
Robert G. Carothers, Chairman and CEO of Union Electric Steel,
stated: “For more than five years, the Union Electric Steel Group
has reduced pricing to satisfy customer demands and meet market
conditions. Over that same period, we have increased efficiency,
reduced waste, improved productivity, and lowered expense. At this
time, we are unable to continue to bear the cost escalation we are
experiencing in our business. Therefore, it is necessary for us to
increase prices on all roll products effective March 1, 2015.
Prices will increase up to ten percent (10%) for forge and cast
roll products as determined on a customer-by-customer basis.”
The matters discussed herein may contain forward-looking
statements that are subject to risks and uncertainties that could
cause actual results to differ materially from expectations. Some
of these risks are set forth in the Corporation's Annual Report on
Form 10-K as well as the Corporation's other reports filed with the
Securities and Exchange Commission.
Ampco-Pittsburgh CorporationRose Hoover, 412-456-4418Executive
Vice President And Chief Administrative
Officerrhoover@ampcopgh.com
Ampco Pittsburgh (NYSE:AP)
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