Twin City Fan Companies announced a price increase for customers in all its segments. Pricing for most Twin City Fan Companies products and programs will increase globally between 2.5 percent and 5 percent, varying by country and product.
The price increase is effective March 2, 2020. This price adjustment is driven by double digit increases driven by tariffs and health care costs, combined with inflation in labor and freight. Twin City Fan, Aerovent & Clarage sales representatives will be contacting customers to discuss strategies to minimize the impact of these increases.
Despite internal cost reductions and improved operational productivity, the magnitude of component prices can no longer be sustained by the company.
“With labor shortages and internal price pressures, it has become necessary to institute a price increase," says Mike Barry, president of Twin City Fan Companies. "Twin City Fan Companies has worked extremely hard to reduce its own costs to lessen the impact, however the delta has become too great, and this step is needed to maintain our brand promise as a supplier of quality fans to the industry.”
About Twin City Fan Companies
Twin City Fan Companies, Ltd. is comprised of a diverse group of fan companies that manufacture a full spectrum of air moving equipment. The list of applications that utilize our products is practically endless and ranges from heavy duty custom fans for industrial applications to custom OEM fans to a wide variety of HVAC supply and exhaust fans for the commercial plan and spec market.