Lixil to raise home product prices amid cost squeeze

Lixil, a major Japanese maker of housing fixtures, will raise prices for some of its products starting in September. It says the surging cost of raw materials such as aluminum, copper and plastic resins is behind the move.

The company says prices will be increased by as much as 27 percent on some items. They include toilets, kitchen fittings and entrance doors.

Lixil says a weaker yen and high shipping costs are also forcing it to charge more.

Domestic rival Toto is taking similar steps. It plans to raise prices on toilets and kitchen sets from October.