Since our last price announcement our non-copper input costs have continued to escalate in these unprecedented, yet hopeful and positive times in which we find ourselves. The percentage increases and costs include:
- 6-38% for insulating and jacketing materials and compounds
- Up to 26% for color concentrates
- 9-24% for tapes and fillers
- 9-25% for reels and packaging
- In excess of 10% for transportation
Despite our efforts to mitigate these costs we are unable to do so, therefore effective May 3, 2021 a base price increase of 7-9% will be implemented on all new orders. For clarity, all orders received prior to end of business on April 30, 2021 and scheduled for immediate shipment will be honored at the price in effect at that time and all orders for future shipment and all orders on or after May 3, 2021, will be at the new prices. LAPP reserves the right to limit orders at prior price levels to historic average volumes.
LAPP refuses to compromise on quality. These actions taken will allow us to continue to provide our customers with the expected quality and service they deserve.
We appreciate your business and look forward to serving your future needs. If you have any questions, please contact your local Regional or District Sales Manager.