Ampco-Pittsburgh Corporation Subsidiaries to Increase Prices on Forged and Cast Products
Ampco-Pittsburgh (NYSE: AP) has announced an immediate base price increase of 6-8% on all forged and cast products produced globally by its subsidiary Union Electric Steel and its subsidiaries. The price adjustment is necessitated by inflationary cost increases in labor, healthcare, mill supplies, and elements not covered by existing surcharges.
The company will maintain its current material and energy surcharges alongside the new base price increase. Union Electric Steel's Vice President of Sales & Marketing, Skip Reinert, emphasized that this adjustment is essential to maintain reliable supply and superior product quality for customers.
Ampco-Pittsburgh manufactures specialized metal products and customized equipment through facilities in the United States, England, Sweden, and Slovenia, with three joint ventures in China and sales offices across North America, Asia, Europe, and the Middle East.
Ampco-Pittsburgh (NYSE: AP) ha annunciato un immediato aumento del prezzo di base del 6-8% su tutti i prodotti forgiati e colati prodotti a livello globale dalla sua sussidiaria Union Electric Steel e dalle sue controllate. L'aggiustamento dei prezzi è reso necessario dall'aumento dei costi inflazionistici nel lavoro, nella sanità, nelle forniture per i mulini e in elementi non coperti da sovrattasse esistenti.
L'azienda manterrà le attuali sovrattasse sui materiali e sull'energia insieme al nuovo aumento del prezzo di base. Il Vice Presidente Vendite e Marketing di Union Electric Steel, Skip Reinert, ha sottolineato che questo aggiustamento è essenziale per mantenere una fornitura affidabile e una qualità superiore dei prodotti per i clienti.
Ampco-Pittsburgh produce prodotti metallici specializzati e attrezzature personalizzate attraverso stabilimenti negli Stati Uniti, in Inghilterra, Svezia e Slovenia, con tre joint venture in Cina e uffici di vendita in Nord America, Asia, Europa e Medio Oriente.
Ampco-Pittsburgh (NYSE: AP) ha anunciado un aumento inmediato del precio base del 6-8% en todos los productos forjados y fundidos producidos globalmente por su subsidiaria Union Electric Steel y sus filiales. El ajuste de precios es necesario debido al aumento de costos inflacionarios en mano de obra, atención médica, suministros de molino y elementos no cubiertos por recargos existentes.
La empresa mantendrá sus actuales recargos por materiales y energía junto con el nuevo aumento del precio base. El Vicepresidente de Ventas y Marketing de Union Electric Steel, Skip Reinert, enfatizó que este ajuste es esencial para mantener un suministro confiable y una calidad superior del producto para los clientes.
Ampco-Pittsburgh fabrica productos metálicos especializados y equipos personalizados a través de instalaciones en Estados Unidos, Inglaterra, Suecia y Eslovenia, con tres empresas conjuntas en China y oficinas de ventas en América del Norte, Asia, Europa y Medio Oriente.
Ampco-Pittsburgh (NYSE: AP)는 자회사인 Union Electric Steel 및 그 자회사에서 전 세계적으로 생산되는 모든 단조 및 주조 제품의 기본 가격을 즉각적으로 6-8% 인상한다고 발표했습니다. 가격 조정은 노동, 의료, 제철소 용품 및 기존 추가 요금으로 커버되지 않는 요소의 인플레이션 비용 증가로 인해 필요합니다.
회사는 새로운 기본 가격 인상과 함께 현재의 자재 및 에너지 추가 요금을 유지할 것입니다. Union Electric Steel의 영업 및 마케팅 부사장인 Skip Reinert는 이 조정이 고객에게 신뢰할 수 있는 공급과 우수한 제품 품질을 유지하는 데 필수적이라고 강조했습니다.
Ampco-Pittsburgh는 미국, 영국, 스웨덴 및 슬로베니아에 있는 시설을 통해 전문 금속 제품 및 맞춤형 장비를 제조하며, 중국에 세 개의 합작 투자와 북미, 아시아, 유럽 및 중동에 판매 사무소를 두고 있습니다.
Ampco-Pittsburgh (NYSE: AP) a annoncé une augmentation immédiate du prix de base de 6-8% sur tous les produits forgés et coulés produits à l'échelle mondiale par sa filiale Union Electric Steel et ses filiales. Cet ajustement de prix est nécessité par l'augmentation des coûts inflationnistes liés à la main-d'œuvre, aux soins de santé, aux fournitures de moulin et à des éléments non couverts par des surtaxes existantes.
L'entreprise maintiendra ses surtaxes actuelles sur les matériaux et l'énergie en plus de la nouvelle augmentation des prix de base. Le Vice-Président des Ventes et du Marketing de Union Electric Steel, Skip Reinert, a souligné que cet ajustement est essentiel pour maintenir un approvisionnement fiable et une qualité de produit supérieure pour les clients.
Ampco-Pittsburgh fabrique des produits métalliques spécialisés et des équipements personnalisés dans des installations aux États-Unis, en Angleterre, en Suède et en Slovénie, avec trois coentreprises en Chine et des bureaux de vente en Amérique du Nord, en Asie, en Europe et au Moyen-Orient.
Ampco-Pittsburgh (NYSE: AP) hat eine sofortige Preiserhöhung von 6-8% auf alle weltweit von seiner Tochtergesellschaft Union Electric Steel und deren Tochtergesellschaften hergestellten Schmiede- und Gussprodukte angekündigt. Die Preisanpassung ist erforderlich aufgrund von inflationsbedingten Kostensteigerungen bei Arbeitskräften, Gesundheitsversorgung, Mühlenbedarf und Elementen, die nicht durch bestehende Zuschläge abgedeckt sind.
Das Unternehmen wird seine aktuellen Material- und Energiezuschläge zusammen mit der neuen Preiserhöhung beibehalten. Der Verkaufs- und Marketingleiter von Union Electric Steel, Skip Reinert, betonte, dass diese Anpassung entscheidend ist, um eine zuverlässige Versorgung und eine überlegene Produktqualität für die Kunden aufrechtzuerhalten.
Ampco-Pittsburgh stellt spezialisierte Metallprodukte und maßgeschneiderte Ausrüstung in Einrichtungen in den Vereinigten Staaten, England, Schweden und Slowenien her, mit drei Joint Ventures in China und Verkaufsbüros in Nordamerika, Asien, Europa und dem Nahen Osten.
- Price increase of 6-8% will help offset rising operational costs
- Company maintains strong global manufacturing presence across multiple countries
- Proactive pricing strategy to maintain product quality and supply reliability
- Rising operational costs affecting profit margins
- Inflationary pressures on labor, healthcare, and supplies impacting business operations
Insights
Ampco-Pittsburgh's 6-8% price hike on forged and cast products represents a significant pricing action that could materially improve the company's financial position. With manufacturing facilities across four countries and joint ventures in China, this global pricing strategy addresses mounting cost pressures while potentially strengthening margins.
The immediate implementation on new orders suggests urgency in addressing cost inflation, particularly in non-surcharge covered areas like labor and healthcare. This targeted approach—maintaining existing material and energy surcharges while raising base prices—demonstrates a methodical response to specific cost drivers.
For a specialty metal products manufacturer like AP, pricing power stems from the highly engineered nature of their offerings and established position in critical industries including steel, aluminum, and oil & gas. The emphasis on "reliable security of supply" in their announcement signals confidence that customers value consistency and quality over price sensitivity.
The financial impact hinges on volume retention—if customers accept these increases without reducing orders, AP could see meaningful revenue growth. However, investors should monitor order rates closely following implementation. The timing amid widespread inflation may actually facilitate customer acceptance as similar cost pressures affect the entire supply chain.
This strategic pricing move indicates management's proactive approach to protecting profitability in an inflationary environment rather than absorbing rising costs that would erode margins.
This price adjustment illustrates the cascading effect of inflation throughout the industrial supply chain. The 6-8% increase specifically targets base pricing while maintaining existing surcharges—a nuanced approach that allows Ampco-Pittsburgh to address rising operational costs without disrupting established surcharge mechanisms.
The company's focus on "labor, health care, mill supplies, and elements not included in the surcharge" highlights the comprehensive nature of manufacturing cost inflation beyond raw materials. These non-commodity costs have become increasingly burdensome for industrial manufacturers yet are often overlooked in analysis.
For context, specialty metal products like those produced by Union Electric Steel require significant expertise, specialized equipment, and precision manufacturing—creating natural barriers to competition and providing some pricing leverage. Their products serve as critical components in steel mills, aluminum plants, and oil & gas operations where performance and reliability typically outweigh price considerations.
The "effective immediately" implementation indicates confidence in their market position, though execution will vary across different regions and product lines. European operations (Sweden, Slovenia, England) may face different competitive dynamics than US facilities or Chinese joint ventures.
Importantly, Skip Reinert's statement emphasizes "security of supply" alongside quality—acknowledging the current value customers place on reliable delivery amid ongoing global supply chain disruptions. This positioning transforms a price increase announcement into a reinforcement of the company's value proposition during uncertain times.
The price adjustments are driven by inflationary cost increases in labor, health care, mill supplies, and elements not included in the surcharge. Consequently, Union Electric Steel will increase its base pricing levels on all forged and cast products by 6
Commenting on the announcement, Skip Reinert, Vice President – Sales & Marketing, stated, “The overall cost increases in labor, health care, mill supplies and elements not included in our surcharge continue. This price adjustment is necessary to maintain a reliable security of supply of superior quality of all our products for our customers.”
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by us or on behalf of Ampco-Pittsburgh Corporation and its subsidiaries (collectively, “we,” “us,” “our,” or the “Corporation”). This press release may include, but is not limited to, statements about operating performance, trends and events we expect or anticipate will occur in the future, statements about sales and production levels, timing of orders for our products, restructurings, the impact from pandemics and geopolitical conflicts, profitability and anticipated expenses, inflation, the global supply chain, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate, “project,” “target,” “goal,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For us, these risks and uncertainties include, but are not limited to: inability to maintain adequate liquidity to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations; economic downturns, cyclical demand for our products and insufficient demand for our products; excess global capacity in the steel industry; inability to successfully restructure our operations and/or invest in operations that will yield the best long-term value to our shareholders; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; inability to obtain necessary capital or financing on satisfactory terms to acquire capital expenditures that may be necessary to support our growth strategy; inoperability of certain equipment on which we rely; increases in commodity prices or insufficient hedging against increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials for us or our customers; inability to satisfy the continued listing requirements of the New York Stock Exchange or the NYSE American Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; fluctuations in the value of the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250311269041/en/
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
mmcauley@ampcopgh.com
Source: Ampco-Pittsburgh Corporation
FAQ
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