MINNEAPOLIS -- Donaldson Company, Inc. has implemented targeted price increases for its Industrial Air Filtration product lines effective April 4, 2011 and given notice of targeted price increases for certain of its Engine OE filtration and OE exhaust system product lines that will become effective at various times in the second half of calendar 2011 based on the applicable notice period or commodity indexing term. The specific price increases will vary and are dependent on the specific types and quantities of raw material content in each product line. These price increases are a direct result of the significant increase in costs of steel and all petro-chemical based purchased materials.
"We are working with our key suppliers as well as utilizing our internal Continuous Improvement initiatives to mitigate as much as possible the impact of all purchased material cost increases. Unfortunately, the magnitude of some of these cost increases is also requiring selective price increases. We remain committed to providing the best value, service, quality, and technology to our Customers," said Bill Cook, Chairman, President and CEO.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that improve people's lives, enhance our Customers' equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers' needs for filtration solutions through innovative research and development, application expertise, and global presence. Our 12,500 employees contribute to the Company's success by supporting our Customers at our more than 100 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI.
SOURCE: Donaldson Co. Inc.
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