bira direct – Yale/ASSA Abloy price increase
We have received confirmation of a price increase from Yale Retail UK regarding a UK price review and detail their communication below:
During 2017 we have continued to experience challenges caused by the increased cost of raw materials and fluctuating currency exchange rates.
Since the beginning of the year we have seen the cost of key raw materials increase by 12-18%. These cost impacts have also been compounded by rising domestic inflation in recent months.
Currency remains an issue with many fluctuations mitigating any potential improvements.
As a consequence, we will be applying an average price increase of 3.5% effective on deliveries from 1st January 2018.
We will continue to work hard to minimalise the impact of these increases on you, our customer, but, unfortunately it is challenging to absorb the full nett effect.
We wish to thank you for your continued support in 2017 and look forward to 2018 with our exciting new products, innovation and business opportunities.
Should you have any questions please contact Michael Whiles on 0121 446 3732
Visit their supplier page here