CWP Global Announces Price Increases for Williams Distributed Products Group.
Wednesday, April 30, 2008
COLTON, CA – April 30, 2008 – CWP Global, the newly formed HVAC business unit of Continental Materials Corporation, has announced price increases of up to 5% for Williams Furnace Company’s Distributed Products line of fan coils, residential heating and dehumidification products. The increases will be effective June 1, 2008.
CWP reported the price increases were in response to escalating materials costs of sheet steel, copper and various components. While there was no connection to any increased transportation costs at this time, the company said it would continue to monitor the situation.
“Given the recent increases in basic materials costs and in looking at forecasts for further increases, we believe it is prudent to start passing these costs along to the market”, Warren Shoulders, president of Williams stated. “We are committed to managing all costs and to continue to provide the best value in the industry through manufacturing efficiency and good product design.”
Continental Materials Corporation (AMEX:CUO) is a diversified manufacturer of general building materials for the construction industry and heating, ventilation and air conditioning products for both commercial and residential application. The Company is headquartered in Chicago, IL.
Headquartered in Colton, CA, Williams Furnace Company is a recognized leader and manufacturer of quality heating and cooling products. The company’s Distributed Products Group is responsible for product sales and marketing, customer service and support of fan coils, heating and dehumidification products marketed through independent distributors, dealers and retail outlets throughout the US and Mexico.
For additional information about company products and services, please go to www.cwpglobal.net.