FOR IMMEDIATE RELEASE:
JOLIET, IL - July 21, 2008 - Filtration Group takes great pride in providing our broad AeroStar® line of air
filtration products to our distributors in a valuable package. The combination of
developing and releasing new products, such as our NovaPleat®, Titan FP®, GeoPleat®,
and HEGA® filters, industry leading service and engineering support, and
our excellent distributor network have allowed both Filtration Group and our
distributors to grow profitably together over the years.
During the first two quarters of 2008 we have received unprecedented cost
increases on our staple raw materials including metal, paper products and
packaging, glues, glass-mat technical paper, and of course all petroleum based
raw material such as polypropylene, urethanes, and polyester products.
Filtration Group's investments in automation and lean initiatives have helped
offset most of these increases.
However, we are forced to pass a modest amount of the increases to the market
in order to remain in the leadership role we have obtained together. Beginning
August 18th, 2008 we will be issuing a 5%-7% price increase on our HVAC, HEPA,
and HEGA products. Responding to feedback from key distributors we will be adjusting
existing multipliers to reflect the price change as opposed to issuing new price
pages. Please contact your regional sales manager for more details, or feel free to
contact me directly at 502-241-2445.
Raising prices is never easy, especially mid-year, and always only
invoked as a last resort. We appreciate your understanding and loyalty during
these very turbulent times.
Regards,
Eugene Beck
Business Unit Manager
Commercial & Industrial
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