ERJ staff report (DS)
Fairlawn, Ohio -- Veyance Technologies, the exclusive manufacturer and marketer of Goodyear Engineered Products, is boosting prices of its industrial and consumer products in North America, from 1 July.
In letters sent this week to its North America and export distributors, Veyance outlined 6.0 to 9.5 percent price increases for its industrial hose, hydraulics, power transmission belts, conveyor belts and rubber track, as well as metal fittings and sprockets.
It also informed transportation aftermarket customers of 5.0 to 7.0 percent increases for its aftermarket belts, hose, tensioners and air springs. The range is dependent on each product's exposure to rising costs.
This is the second price increase announced by Veyance this year. The company earlier raised prices from 3.0 to 8.0 percent for industrial and consumer channels.
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Press release from Veyance