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Tour of Clinton Manufacturer Highlights Impact of Energy Costs
The Greenville News
Published: August 21, 2008
By Greenville News Staff Writer
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Tour of Clinton Manufacturer Highlights Impact of Energy Costs
CLINTON -- US Congressman Gresham Barrett toured the manufacturing facility of Aaron Industries, Inc. with Jim Medford, the company’s President and CEO, today.
Aaron Industries, Inc. is a manufacturer of over the counter pharmaceuticals, including first aid products such as isopropyl alcohol, hydrogen peroxide, as well as a variety of private label (store brand), liquid cough cold and antacid products and sells these products to more than 90% of America’s retailers (large and small).
“As a result of energy cost increases, the Company has seen its raw material costs increase in some cases nearly 100%," Medford said. "These type of increases cannot be absorbed by improvements to manufacturing efficiency. These are the types of increases that we have no choice but to pass along to our customers. The retailers are in a similar boat, they have no choice but to pass it along to America’s consumers. This is why we had such a significant impact in consumer prices over the last few months. I am thankful for Congressman Barrett’s leadership in representing our area by seeking to lead our nation by reducing our energy dependence in the future by supporting legislation to increase the supply of American made energy on the house floor.”