Schindler Lifts - leading elevator and escalator manufacturer

Schindler Lifts Australia Announces Price Increase
Schindler's Operations in Asia Pacific react to continuing increases in costs of Fuel, Commodities and Specialty Metals.

Schindler, a leading elevator and escalator manufacturer, today announced an immediate price increase of approximately ten (10.0%) to seventeen percent (17.0%) depending on product line and sourcing.

While improvements in production efficiency and sourcing have minimised the full impact, increases were necessary due to continuing escalation of fuel prices, soaring prices for commodities and specialty metals, which impact Schindler's costs for manufacturing and product transportation. In Australia the acute shortage of skilled labour has also driven up costs through wage increases.

About Schindler
Schindler manufactures, installs, services and modernises a broad range of elevators, escalators and moving walks for various mobility solutions. The company head quartered in Switzerland is the world's largest escalator manufacturer and the second largest elevator manufacturer.

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