Global supply chains continue to be significantly affected by shortages of raw materials, and there still remains a clear imbalance between supply and demand. As a result, commodity prices continue to persist at historically high levels. Significant increases in the cost of raw materials are compounded by rising production costs overall.
By implementing strict measures and ongoing efficiency improvements, we have been able in part to compensate for the increased costs of procurement and production. At the same time, we continue to see supply bottlenecks for a variety of materials in 2022. Wherever possible over recent months, we have succeeded in securing raw materials, albeit at high prices, to ensure that we can continue to meet your delivery needs during the coming year. In view of these developments, we are adjusting our prices from 17 January 2022 onwards as follows:
For normal steel articles, we are adjusting the list prices by 12.4% and levying a material surcharge of 8.0%. This translates into an effective price increase of 2.0%. For stainless steel articles, pull-rings, seals and components with an actuator, the list prices will be adjusted by 11.9% and the new material surcharge will be 6.0%. This results in an effective price increase of 5.0%.
The adjusted material surcharge will be identified on your quotations and order confirmations as of 17 January 2022. You can find the updated catalogue here.
If you have any queries concerning these price adjustments, material surcharges or our products, please do not hesitate to contact our sales team any time by phone (01694 722 841) or email (sales(at)jacob-uk.com).
We look forward to continuing to work together with you in future.