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Asahi Glass in Talks to Raise Auto-Glass Prices 10% From April

Post Time:Jun 25,2008Classify:Company NewsView:420

June 25 (Bloomberg) --

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Asahi aims to secure the price increases in Japan and other parts of Asia before Europe and the U.S., he said. The company's last major price increase came when oil prices climbed to inflation-adjusted records after the 1979 Iranian revolution caused declines in production.

The company's fuel costs for the first six months of the year rose 40 percent from the average last year, while material expenses gained 30 to 50 percent, Saitou said.

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Source: BloombergAuthor: admin

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