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Vitro mirror plant announces silver surcharge

Post Time:May 26,2011Classify:Industry NewsView:96

Officials from the Vitro Architectural Products mirror manufacturing facility in Grenada, Miss., announced a silver surcharge that will apply to all mirror products, according to a May 26 letter to customers. "The prices of precious metals have increased significantly, including the price of silver, which is a major component of manufacturing mirror," said Grenada Plant Manager Wayne Smith, in the letter. "This adds a tremendous cost to the production of mirror, much more than what can reasonably be absorbed," he said.

Effective June 6, 2011, the surcharge will be invoiced on a per square foot basis, according to the letter. "Adjustments in the surcharge will be made on a quarterly basis ... and will appear on each invoice as a separate line item. Beginning in [the] third quarter, the silver surcharge will be based on the average daily price for silver as published by The London Bullion Market Association for the prior quarter," the letter reads.

Read full letter

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Source: http://www.glassmagazine.com/news-item/commercial/vitro-mirror-plant-announces-silver-surcharge-118209Author:

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