KOKOMO, IN, May 27, 2021 - Haynes International, Inc. (Nasdaq: HAYN) announced today that, on April 23, 2021, the Company initially increased base prices on all new transactional (non-contract) orders across all of its products by five percent (5%) to eight percent (8%). On May 21, 2021, the Company further increased base prices on such orders by an additional incremental two percent (2%) for new orders placed after that date. Prices for orders subject to long-term agreements will be adjusted at the end of the existing term for each agreement.
About Haynes International
Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel- and cobalt-basedhigh-performance alloys, primarily for use in the aerospace, chemical processing and industrial gas turbine industries.
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact made in this press release are forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, those risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended September 30, 2020. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company's control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Haynes International Inc. published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 20:29:28 UTC.
Haynes International, Inc. develops, manufactures, markets, and distributes technologically advanced nickel and cobalt-based alloys primarily for use in the aerospace, industrial gas turbine and chemical processing industries. Its products consist of high-temperature resistant alloys (HTA) products, and corrosion-resistant alloys (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines, gas turbine engines, and industrial heating and heat treatment equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. It produces its high-performance alloys primarily in sheet, coil, and plate forms. In addition, the Company produces its products as seamless and welded tubulars, and in slab, bar, billets, and wire forms. It has manufacturing facilities in Indiana, Louisiana, and North Carolina.