2007-12-18 - ABB AB, Components Transformer Bushing and On-Load Tap-Changers announces a general price increase effective 1 January 2008.
ABB, one of the leading manufacturers of transformer components, announces a general price increase on all bushings and on-load tap-changers by an average of 6%. The adjustments are the result of continued cost inflation in sub-components and raw materials used in the manufacture of these components
All existing agreements with customers will be honoured for the duration of the agreement.
ABB continues to minimize the impact of increased costs to customers, but with the acceleration of inflation, the costs must be passed through to ensure ABB’s ability to serve our customers with the highest quality and service. ABB will continue to deliver the highest quality and value to our customers while remaining competitive in the market.