Indalex Announces Energy Surcharges for All Orders Placed on or After August 11, 2008
Indalex Holdings Finance, Inc. (Indalex or the Company) (Lincolnshire, IL) announced that beginning Aug 11, 2008, all new orders for extruded aluminum products will include energy surcharges based on U.S. Department of Energy published prices for natural gas, diesel fuel, and electricity.
“All of us are acutely aware of skyrocketing energy costs in recent months. Natural gas, diesel fuel, and electricity make up a significant portion of our production and delivery costs, and it has become necessary for us to pass along these cost increases to our customers,” said Timothy R. J. Stubbs, President and Chief Executive Officer. “We feel that the surcharge methodology that we have implemented is the fairest and most transparent way to mitigate these costs. In addition, this method will ensure that our customers will realize reduced costs if and when energy costs return to normal levels. We are continuing to pursue cost reduction initiatives, particularly through Lean Manufacturing, in order to meet the demands of our customers.”
All of the surcharges are calculated based on data published by the U.S. Department of Energy, and will be updated monthly. The surcharge will be applied to shipments based on the time of order.
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