Twin City Fan Companies raises prices
Twin City Fan Companies announced a price increase for customers in all its segments. Pricing for most Twin City Fan Companies products and programs will increase globally between 4 and 6 percent, varying by country and product. This price increase will be effective immediately.
According to the company, the price adjustment is driven by double digit increases of steel and aluminum components, tariffs and healthcare, combined with global inflation in labor and freight. Twin City Fan, Aerovent, and Clarage sales representatives are expected to contact customers to discuss strategies to minimize the impact of the increases.
"With raw material and labor prices now reaching multi-year highs, it has become necessary to institute a price increase," said Mike Barry, president of Twin City Fan Companies. “While Clarage has worked diligently to reduce its own costs to lessen the impact, the delta has become too great, while maintaining our brand promise as a supplier of quality fans to the industry."