Schindler announces price increase in Asia Pacific

02.07.2008

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Schindler (China)Elevator Co.,Ltd

Schindler China Head Office
555, Xingshun Road, Jiading District, Shanghai (201815)

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Schindler, a leading elevator and escalator manufacturer, is to increase prices in Asia Pacific by approximately eight percent (8.0%) on all elevator products and six percent (6.0%) for escalators and moving walks. The increase is effective immediately.

While improvements in production efficiency and sourcing have minimised the full impact, increases were necessary due to continuing escalation of fuel prices, and soaring prices for commodities and specialty metals, which impact Schindler’s costs for manufacturing and product transportation.

About Schindler:
The Schindler Group is a leading global mobility provider, present in over 130 countries. Headquartered in Switzerland, the company designs, manufactures, installs, services and modernizes elevator and escalator systems for almost every building type worldwide.

For additional information about Schindler, visit the company website at www.schindler.com