2011-09-30 - ABB Inc. announces a new price increase for Medium Voltage Distribution Components manufactured in Pinetops, North Carolina.
Pinetops, NC, September 30, 2011 – In this time of unique market conditions, ABB has worked hard to minimize the financial impact on our customers. We have strived to provide the shortest lead times, the highest quality, the best products, and the greatest value in the industry. Due to the market conditions, ABB finds it necessary to implement price increases of 3-5% on instrument transformers, cutouts, switches, and fuses effective January 1, 2012.
Customers with blanket agreements will be contacted to review the price impact on an individual basis. ABB will continue to monitor market conditions and work to provide customers with the highest value. Please contact your local ABB representative with any questions.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 124,000 people.