Firestone Industrial Products Company Announces Price Increase on Air Springs
INDIANAPOLIS, Ind. (Aug 1, 2008) – Firestone Industrial Products Company, LLC, has announced a price increase between three and five percent on air springs for the European heavy-duty market.
The prices increases — effective on October 1, 2008 — are due to increased raw material and fuel costs. There have been significant price increases for the raw materials used to manufacture Firestone’s air springs including steel, carbon black, aluminum, natural rubber and styrene-butadiene rubber.
About Firestone Industrial Products Company, LLC:
Firestone Industrial Products Company, LLC (FSIP) specializes in air spring manufacturing and technology with a history of more than 65 years of research and development of technologically advanced air springs. Its famous Airide™ brand has set the standard for air spring manufacturing and technology since 1939. FSIP is a subsidiary of Bridgestone Firestone Diversified Products.
About Firestone Diversified Products:
Bridgestone Firestone Diversified Products (BFDP) is based in Indianapolis, Ind., and is a subsidiary of Bridgestone Americas Holding, Inc. (BSAH). BFDP is responsible for BSAH’s non-tire businesses, including building and industrial products, synthetic polymers, natural and synthetic rubber, and industrial fibers and textiles.