Shin Nikkei Raises Gardening Exterior Products Price by 10%

Shin Nikkei Company, Japanese aluminium rolled products maker, announced on Monday the firm would raise the selling price of the garden exterior products by average 10% for the orders received on and after June 21. The firm decided the price hike due to the continuous price surge of primary aluminium, the main material for the garden exterior products, though the firm tried to cover the increasing material costs for aluminium and vinyl chloride resin by the improvement of the productivity and the cost reduction of distribution and sales administrative expenses.Shin Nikkei already announced the price hike of building related materials by 15% for the orders estimated on and after February 1 and housing related materials by average 13% for the orders received on and after April 1.