Industry Prices Continue to RiseJune 24th, 2022 by Editor
The combination of material cost increases, supply chain disruptions, and other economic pressures has forced companies throughout the globe to raise prices. These volatile factors have also impacted the fenestration and glass industries, which have seen companies such as Guardian Glass announce price increases and surcharges. Guardian is not alone, as other suppliers issued price increases, including Vitro, Kuraray, and Monda Windows, evidence of the impact on the residential and commercial door and window and glass markets.
Vitro Architectural Glass in Cheswick, Pa., notified customers it would also raise prices. Its price increases range from 15-40% depending on the product. Furthermore, the prices for tinted glass and clear glass will increase by 25% on June 27, 2022, with the remaining percentage applied on August 1, 2022. All other products will increase on June 27, 2022.
“We continue to ask for your patience regarding deliveries as carrier scarcity and driver and labor shortages prevent us from servicing with our customary standards,” said Mark Seeton, vice president of sales at Vitro. “We commit to redouble the efforts to service our current customer base and fulfill our backlog.”
Additionally, Kuraray, an interlayer supplier for laminated glass, announced that it will increase the prices of interlayer films for shipments on or after July 1, 2022. Kuraray cites cost increases in raw materials, packaging materials, transportation, logistics and energy. Kuraray previously announced a price increase in December 2021 for interlayer films and Mowital® PVB resin.
Monda Window & Door Systems Inc. announced that it will increase prices following vendor rate hikes.
In a statement to customers, Monda admitted that recent price hikes by vendors, particularly Guardian Glass, came as a shock and forced them to adjust accordingly. Monda will implement an 8% price increase on all orders effective July 5, 2022.
“Due to the short notice and unprecedented price hike, we cannot absorb the high costs from these glass suppliers,” Monda said in the release. “We have to make adjustments on our prices accordingly to ensure that we can supply all of our products with a reasonable lead time while maintaining our quality standards.”
For more on the increases, see a recent blog by Debra Levy, publisher of USGlass magazine.