GWA Price Increase

​​Australian toilet and tap maker GWA, manufacturer of Caroma toilets and Clark kitchen sinks, is increasing prices by another 5%.

Their profits of $35 million last year were affected by high costs of IT and the closure of a Chinese sales venture, plus huge increases in freight costs. In early 2022, it was reported in the AFR that GWA had joined forces with a few other companies to charter ships from China to overcome supply chain hurdles and import their products to Australia.

Source: AFR