Schindler Raises Prices Amid Higher Logistics Costs

The Swiss elevator manufacturer is applying surcharges to counter rising fuel and energy expenses. Executives expect these disruptions to add millions in costs.

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SCHINDLER HOLDING AG-REG is raising prices and applying surcharges to offset cost inflation from Middle East-related supply chain disruptions. The Switzerland-based elevator manufacturer faces higher logistics, fuel, energy, and raw materials expenses linked to Middle East instability.

The Schindler logo displayed at a corporate event in Zurich. REUTERS/Arnd Wiegmann
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