At this moment we have not passed all of ours on.
What’s happening is that we are starting to take price increases from suppliers.
It is not as if we are building huge cranes. Ours are all small items. Some are not affected by steel prices.
We are planning for increases in the first of April, the start of most people’s fiscal year.
Steve Sherwin, Yale industrial products UK sales manager
The customers have understood and more or less accepted the rise in cost concerning raw materials, especially steel.
We are a producer of equipment when building a plant. The point is that now as people are building plants in China or Southeast Asia, they aren’t building them in western Europe.
Eric Leveque, commercial director, ADC Fayat of France