Mockett Announces Reduction in Pricing

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					           Industry Update                  Noteworthy developments impacting the kitchen and bath market

           Pictured are WAC                                                                face product categories, according       matically lowered” its prices, effective
           Lighting general                                                                to the company. Sterling Surfaces,       immediately.
           manager and v.p.                                                                an award-winning fabrication shop           The move, according to company
           Shelley Wang (top                                                               based near Boston, brought the win-      CEO Doug Mockett, was made in
           left), along with                                                               ning concepts to life, officials noted.   response to the economic recession,
           company founders
                                                                                              The three winners received            as well as the price of raw materials.
           Tai Wang and Tony
           Wang. WAC Lighting,
                                                                                           all-expenses-paid trips last month          “We are dropping prices as much
           a leading manufacturer                                                          to Milan, Italy, where they joined       as we can,” Mockett said, citing price
           and designer of track,                                                          student winners from Europe and          reductions on “the vast majority” of
           recessed, under-                                                                Asia, and exhibited their concept        the company’s products.
           cabinet, monorail and                                                           at Zona Tortona’s “That’s Design!”          “When we created our 2009 pricing
           decorative lighting, is                                                         trade show, the Peoria, AZ-based LG      in the summer of 2008, oil was out
           celebrating its 25th An-                                                        Surfaces added.                          of sight and steel was hard to come
           niversary in 2009, the
                                                                                                                                    by,” Mockett said. “Now that those
           Garden City, NY-based
           company announced.                                                                                                       commodities have settled down, we
                                                                                           Mockett Announces                        can lower prices to better reflect the

                                                   the Huntington Beach, CA-based
                                                                                           Reduction in Pricing                     new reality.
                                                                                                                                       “Obviously the slow economy af-
         Survey Reveals Lack                       Thermador, a unit of BSH Home Ap-       Manhattan Beach, CA — Doug               fects all manufacturers, and furniture
         Of Ventilation Knowledge                  pliances Corp.                          Mockett & Co., the Manhattan Beach,
                                                                                           CA-based supplier of components
                                                                                                                                    and fixtures makers are no excep-
                                                                                                                                    tion,” Mockett added. “We are doing
                                                      “Without properly matching per-
         Huntington Beach, CA — Home-              for
				
DOCUMENT INFO
Description: "We are dropping prices as much as we can," [Doug Mockett] said, citing price reductions on "the vast majority" of the company's products.
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