PRICE INCREASE:
June 13, 2011
Dear Valued American Standard Dealer,American Standard is announcing a 3-5% price increase for residential and light commercial hvac equipment(up to 25 tons) effective July 1, 2011.
The major driver behind this increase is the inflationary market for raw materials. Market prices for steel,copper and aluminum have risen significantly, driven by demand in China, India and other developing countriesas well as the slow and steady economic recoveries of developed countries. The prices of petroleum andrefrigerant have also skyrocketed within the past year. The cost for motors, compressors, valves, tubing,fasteners, etc., that use steel, copper, plastic, and aluminum have risen significantly as a result.
Since these materials are used market wide, the need for a price increase is market wide as well. Several othercompetitor brands have also announced price increases and we expect the rest to follow shortly.
