Price Increase Impacts Orders Shipped On or After 2/1/13
BRIDGEVILLE, Pa.--(BUSINESS WIRE)--Dec. 21, 2012--
Carpenter Powder Products announced today that it will increase base
prices by seven percent (7%) on all bar, plate, and finished Micro-Melt®
(PM) tool steel products. The increase is effective for orders shipped
on or after February 1, 2013. Current monthly surcharges will remain in
Carpenter Powder Products, a division of Carpenter Technology
Corporation (NYSE:CRS), produces and distributes powder metal and
wrought high speed and tool steel products. Information about Carpenter
Powder Products can be found on the Internet at www.cartech.com.
Carpenter Technology, based in Wyomissing, PA, produces and distributes
specialty alloys, including stainless steels, titanium alloys and
superalloys, and various engineered products. Information about
Carpenter can be found at www.cartech.com.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other factors
that could cause actual results to differ from those projected,
anticipated or implied. The most significant of these uncertainties are
described in Carpenter's filings with the Securities and Exchange
Commission including its annual report on Form 10-K for the year ended
June 30, 2012 and the quarterly reports on Form 10-Q for the quarter
ended September 30, 2012,and the exhibits attached to those filings.
They include, but are not limited to, statements regarding announced
base price increases. Carpenter undertakes no obligation to update or
revise any forward-looking statements.
Source: Carpenter Powder Products
Carpenter Powder Products
William J. Rudolph,
Michael A. Hajost, 610-208-3476