Bonnell Aluminum Announces Price Increase on Aluminum Extrusions, Fabrications and Finishing Services
October 08 2019 - 4:05PM
Business Wire
Bonnell Aluminum (a subsidiary of Tredegar Corporation NYSE:TG),
including its wholly-owned operating divisions AACOA Extrusions,
AACOA Inc. and Futura Industries, announced today that it will
implement a price increase of $0.035 per pound and an additional 5%
on fabrication and finishing services. This increase, along with
potential additional adjustments to existing discounts and rebates,
will be effective on shipments beginning January 6, 2020, or as
permissible by contract, and will apply to all extruded products
and value-added services including fabrication and finishing.
Brook Hamilton, president of Bonnell Aluminum, cited continuous
cost pressures in freight, labor and supplies. “We continue to be
diligent in offsetting costs and exercising cost-control measures
across our business,” said Hamilton. “In addition, we are committed
to strengthening our offerings as a supplier by continuously making
critical investments to ensure we deliver exceptional service and
product quality to our customers.”
About Bonnell Aluminum
Bonnell Aluminum is a subsidiary of Richmond, VA, based Tredegar
Corporation. Bonnell Aluminum and its operating divisions, AACOA
and Futura, produce high-quality, soft-alloy and medium-strength
aluminum extrusions primarily for the following markets: building
and construction, automotive, and specialty, which consists of
consumer durables, machinery and equipment, electrical and
distribution end-use products. For additional information please
visit www.bonnellaluminum.com.
About Tredegar Corporation
Tredegar Corporation is a manufacturer of plastic films and
aluminum extrusions. A global company headquartered in Richmond,
Virginia, Tredegar had 2018 sales of $1.1 billion. With
approximately 3,100 employees, the company operates manufacturing
facilities in North America, South America, Europe, and Asia. For
additional information please visit www.tredegar.com.
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Neill Bellamy 804/330-1211 neill.bellamy@tredegar.com
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