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Carpenter Powder Products Raises Prices on High-Speed Tool SteelsBRIDGEVILLE, Pa.--(BUSINESS WIRE)--May 28, 2004--Carpenter Powder Products Inc. (CPP), a subsidiary of Carpenter Technology Corporation (NYSE:CRS), said today that it will increase transactional prices on its tool and high speed steels by 6 - 8 percent for orders booked as of June 1, 2004. Raw material surcharges will remain in effect.
The planned price increase reflects continued increases in raw material, energy and other consumable costs.
CPP, based in Bridgeville, Pa., is a leading global manufacturer of gas atomized specialty metal powders and consolidated powder metallurgy products. Carpenter, based in Wyomissing, Pa., is leading manufacturer and distributor of specialty alloys and engineered products. More information about Carpenter and CPP is available at www.cartech.com, with selected products for sale at www.carpenterdirect.com.
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