PGW Adjusts Pricing in Response to "Broad-Based Increase in
May 18, 2010
Pittsburgh Glass Works (PGW) has announced that it is re-evaluating
its pricing on a part-by-part basis "in response to [a] broad-based
increase in costs." The announcement was made to customers
by a letter from PGW director of strategic development Bill Marshall.
Though Marshall points to "encouraging signs of growth"
in the North American economy, he writes that "many elements
of this economic recovery are having a significant impact on the
automotive replacement glass industry, especially in the cost and
availability of supply inputs."
"For example, the rebound in OEM vehicle production and the
associated increase in demand have put a strain on the supply of
automotive flat glass and ARG fabricated parts in North America,"
writes Marshall. "
All of these factors are creating
significant pressure on the cost position of the ARG industry. Effective
immediately, PGW is adjusting its pricing to the industry in response
to this broad-based increase in costs."
Marshall goes on to note that prices are being evaluated on a "part-by
He adds, "Therefore, prices are not increasing by a set percentage,
but instead are being adjusted based on a detailed analysis of a
variety of factors."
Marshall had not responded to requests for comment at press time.
CLICK HERE for full text of today's announcement.
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