Dorel Announces Consumer Price Hikes

MONTREAL, Canada - Consumer products manufacturer Dorel Industries Inc., which saw its first-quarter profit fall 11 % due to a number of factors, said that price increases for its customers are inevitable. The company, which makes products such as bicycles, cribs, car seats, ready-to-assemble furniture and other consumer products, attributed the lower profit to a variety of operational factors and the rising cost of materials it uses.