GREENVILLE, N.C. (March 23, 2018) – The planned imposition of stiff tariffs on imported steel (25%) and aluminum products (10%) is expected to greatly impact domestic manufacturers of components and finished good that use these raw materials.
In response to this news, steel prices are already rising dramatically. This sudden and significant inflationary impact on raw material costs requires immediate action.
Hyster Company announces that it will implement a 4.5% price increase effective April 2, 2018 across all product classes, except Jumbo Trucks.
These inflationary pressures will significantly impact the entire material handling supply chain. The long-term impact of these tariffs is uncertain, but Yale remains committed to providing customers with best-in-class quality products at the best possible prices.
Please contact a local authorized Hyster® dealer for further information.
About Hyster Company
Hyster Company is a leading world-wide lift truck designer and manufacturer. Hyster Company offers 130 lift truck models configured for gasoline, LPG, diesel and electric power, with one of the widest capacity ranges in the industry — from 2,000 to 105,000 lbs. Supported by one of the industry’s largest and most experienced dealer networks, Hyster Company builds tough, durable lift trucks that deliver high productivity, low total cost of ownership, easy serviceability and advanced ergonomic features, accompanied by outstanding parts, service and training support.
Hyster Company is a division of Hyster-Yale Group, a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ more than 6,700 people world-wide.