EnerSys Announces Price Increase Effective January 1, 2006
READING, Pa., Nov 29, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- EnerSys (NYSE: ENS), the world's largest manufacturer, marketer and distributor of industrial batteries, today announced a general price increase of 6%. This price increase will be effective on orders placed starting January 1, 2006 on its motive power and reserve power products.
"This action is necessitated by the sustained increase in commodity costs especially lead, copper and plastics coupled with dramatically higher transportation and utility costs," said Ray Kubis, president - EnerSys Europe. "Electricity costs, which are a significant input in battery production, have been adding to the cost pressures."
"We want to assure our customers that we continue to drive to sustain our industry leading position in product development and customer service," said John Shea, executive vice president - Americas. "In order to maintain this position we find this price increase necessary."
FORWARD-LOOKING STATEMENT
This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), that are based on management's current expectations and are subject to uncertainties and changes in circumstances. The Company's actual results may differ materially from the forward-looking statements for a number of reasons. For a list of the factors, which could affect the Company's results, see "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in the Company's Quarterly Report on Form 10-Q for the second fiscal quarter ended October 2, 2005, which was filed with the U.S. Securities and Exchange Commission.
ABOUT ENERSYS
EnerSys, the world leader in stored energy solutions for industrial applications, manufactures, distributes and services reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power suppliers, and numerous applications requiring standby power. Motive power batteries are utilized in electric fork lift trucks and other commercial electric-powered vehicles. The Company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.
More information regarding EnerSys can be found at http://www.enersys.com.
For more information, please contact Richard Zuidema, executive vice president, EnerSys, PO Box 14145, Reading, PA, 19612-4145. Tel: 800/538-3627
SOURCE EnerSys
Richard Zuidema, executive vice president, EnerSys, +1-800-538-3627
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