Monday, July 7, 2008

Schindler announces price increase in Europe

Following the announcement of price increases in North America and Asia-Pacific,
Schindler is to increase Europe-wide the price of all its elevators, escalators, moving
walks and modernisations by approximately six percent (6.0%). The increase, which is
effective immediately, is due to the continuing escalation of fuel prices, and soaring
price increases for commodities and specialty metals, which impact Schindler�s costs for
manufacturing and transportation.

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