Carrier Commercial Refrigeration Adjusts Pricing Due to Increased Commodity Costs

Date: 27 May 2021

Since the start of the pandemic in early 2020, Carrier Commercial Refrigeration EMEA teams have shown continued support in securing the high level of service as in normal times – from rescheduling store remodeling projects, deliveries and commissioning as well as holding finished goods inventories.

As countries have started to ease restrictions and return to normalcy, this has enabled economic recovery. Since early 2021, commodity prices of copper, steel and aluminum as well as other component prices, such as plastic and electronics, have increased drastically. Carrier Commercial Refrigeration teams have worked hard to secure the supply of commodities required to produce our products to continue to serve our customers and provide high quality installations. These materials have therefore been purchased at higher prices than planned. Effective 1 June 2021, prices of all past-due quotes (>30 days) and new quotes will be adjusted by +5% increase, encompassing all equipment, turnkey installation materials and labor.