“We have held prices for the past two years in the face of increasing business costs and must now increase prices to recover those costs in order to maintain the ability to deliver the quality products that our customers expect. We must be able to meet our customer demand in light of improving economic conditions in 2013 and beyond,” explained Dave Boston, Head of ABB’s Distribution Transformer Business in North America.
The price increase is effective immediately on all quotations for shipment after April 1, 2013. Pricing agreements with alliance customers will be continued as structured.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people. The company's North American operations, headquartered in Cary, North Carolina, employ over 20,000 people in multiple manufacturing, service and other major facilities.