Solideal Introduces Steel Surcharge
Solideal has announced that it is to introduce a steel charge on all wheels and assemblies, effective 15 May 2008. According to an official statement on the matter, the action is “strictly due to the hyper-inflation in steel prices. The surcharge will be evaluated monthly and will begin at the rate of US$0.49/kg.” Solideal CEO, Cesar Clemente, explained: “As commodity prices are increasing so dramatically, we have absolutely no choice but to make this move.” The company is also planning to announce a general price increase on tyres and wheels in June.