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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: russwinter who wrote (3696)4/6/2004 12:49:25 PM
From: mishedlo  Read Replies (1) of 116555
 
The Mayline Group is announcing a 3% price increase on all orders placed on or after May 1, 2004. This covers all products sold by the Mayline Company, Kwik-File, and Tiffany Industries. We regret having to take this action, but the escalation of raw material prices has made this change necessary.

It's unfortunate we also have to add our voice to the chorus relative to escalating commodity prices. Since the first of the year, we have seen our steel prices escalate by over 30%. Further, we are also seeing significant price increases and/or surcharges on other commodity materials such as wood, corrugate, particleboard, steel components, diesel fuel, natural gas, etc. We have worked diligently in our efforts to find offsetting cost reductions to minimize the amount of this price increase.
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