October 08, 2008

Solideal introduces steel surcharge on wheels

Solideal has announced that it is to introduce a steel charge on all wheels and assemblies effective May 15th 2008.

According to an official statement on the matter, the action is strictly due to the hyper inflation in steel prices. The surcharge will be evaluated monthly and will begin at the rate of USD 0.49 per kg.

Mr Cesar Clemente CEO of Solideal said that “As commodity prices are increasing so dramatically, we have absolutely no choice but to make this move.”