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Against Stronger Yen, Mazaks Europe Lifts Prices.

Yamazaki Mazak Corp. (Oguchi, Japan) has notified its European customers of its decision to raise by 7% export prices to them, effective November 1.

The higher prices are designed to counter the stronger yen against the euro currency. They are being applied to the orders received on the date and after for all of its Europe-destined products.

Privately held Mazak doesn't report sales volumes of its operating units. However, the company said that Europe accounts for about 30% of its total sales; that would put European-operation revenues at around $350-million.

From Tokyo via Wordservice International.
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Publication:Metalworking Insiders' Report
Date:Nov 6, 2000
Words:95
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