Pulse, a subsidiary of Technitrol Co., announced that it plans to increase prices of its components at least 10% worldwide, depending on the product, due to what it describes as the skyrocketing costs of sub-components, consumables, energy, and labor. Worldwide distribution prices were increased in July and direct customer notifications are under way.
"We are not alone in experiencing severe cost pressures in manufacturing and in needing to raise prices," said Dan Jackson, Vice President of Worldwide Sales. "Government-mandated wage increases, rising supplier costs, and well-publicized high fuel prices can no longer be absorbed. In the interest of our stakeholders, we must increase prices just to keep pace. Going forward, Pulse will closely monitor and match costs and pricing."
