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Mid Year Price Increase
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| Article By Gary Scott - 6/19/2008
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We have been absorbing unprecedented price increases since the beginning of the year. AR Pump has a 9% surcharge on orders, General Pump has announced a large increase, our electric motor suppliers all announced price increases in the 8% range to begin July, steel prices have increased by 60% (approximately) and the list goes on and on. We could absorb the increases only for so long. We will have to increase our pricing to you to make up for at least part of the increased costs.
Below is a time line for the price adjustments:
1.) July 1st - Rapid Reel Hose Reels(Price sheet attached).
2.) August 1th - Parts and Accessories.
3.) August 15th - Pressure Washers and other equipment.
We will be forwarding price list as soon as we can analyze all costs and print price sheets. We certainly did not aticipate a mid-year price increase, but we also did not anticipate our costs escalating to the degree we have experianced.
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