Swedish Industrial Giants Hike Prices to Limit Tariff Fallout
An employee works on a ball bearing for a wind turbine generator inside a SKF plant.
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Swedish industrial firms Atlas Copco AB and Alfa Laval AB both said they plan to increase prices in response to US tariffs and warned about macro uncertainty hurting demand, joining peers SKF AB and Sandvik AB.
Industrial compressor maker Atlas Copco is working to limit the impact by implementing tariff surcharges, increasing local sourcing and reassessing supply routes, Chief Executive Officer Vagner Rego said on a call with analysts. Alfa Laval, which manufactures valves and pumps, has also implemented price increases accordingly, Chief Financial Officer Fredrik Ekstrom said on the earnings call.