BIRMINGHAM, Ala. — Components produced by Marmon Highway Technologies will receive a price adjustment to compensate for an unprecedented rise in materials costs, the company announced.
Marmon, under various brands such as Webb, Fontaine, Leland and Fleetline, manufactures everything from fifth wheels to brake systems to clutches and transport trailers. Marmon president Kelly Dier said the company has done everything possible to reduce production costs and thus far has been able to compensate for the increased costs of raw materials. Now, however, the only option remaining is to increase prices, he said.
Nearly every product produced by Marmon’s companies consist of metals as the primary raw material. Prices for scrap metal alone have surged 88% in the first quarter, the company pointed out in a release.
“These immediate actions are essential to allow us to continue our long history of providing innovative products and unsurpassed service,” Dier said. “As the technology leader in our product categories, we are absolutely committed to research and development that will continue to reduce weight, improve product performance and deliver market-leading value to meet the needs of our customers.”
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