Now LEDvance Joins Price Rise Wave - Energy Watch News

Now LEDvance Joins Price Rise Wave

LEDvance has become the latest company in North America to announce a price increase. Its traditional non-LED lighting equipment will now be subject to a six to eight per cent hike. The LED products will not be subject to a price increase. The move follows similar announcements by other US big brands in recent weeks, including Acuity, Eaton and Venture. In a letter, the vice president of trade sales for the US and Canada, Matt McCarron, told customers: ‘The advancement of solid-state lighting technology is having a dramatic effect on the lighting industry. As a result of this shift, volumes of traditional lighting products have been reduced resulting in the loss of scale benefits and ultimately raising costs on traditional products.

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