Carpenter Raises Specialty Alloy Prices.Business Editors WYOMISSING, Pa.--(BUSINESS WIRE)--March 29, 2000 Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. (NYSE NYSE See: New York Stock Exchange :CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) said today it will increase transactional prices on all specialty alloys, effective with shipments May 1. The increases will range from 3 percent to 7 percent, depending on the degree of price erosion experienced during the past two years. In addition, due to the impact of rising fuel prices on freight costs, Carpenter will implement a fuel surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. to all specialty alloys customers, effective with shipments April 15. Carpenter, based in Wyomissing, Pa., is a leading manufacturer and distributor of specialty alloys and various engineered products. Carpenter had sales of $1.0 billion in fiscal 1999 (ended June 30, 1999). |
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