Chart Industries recently announced that, effective January 1, 2004, or as contracts permit, it will increase prices for its beverage carbonation products. The price increase will average 5%, however, individual product price increases may vary based upon factors such as material requirements.
Additionally, Chart will institute a 3% price increase for its cryobiological products.
Sam Thomas, CEO, stated, ¡°Nickel-based steel alloys, which are a significant portion of material costs in these types of products, have escalated throughout 2003 and are expected to remain at high levels." |