announcement of a price adjustment

Information on the current market situation with announcement of a price adjustment

Dear Business Partner,

triggered by the Covid 19 pandemic, we are currently seeing a shortage of raw materials and components in many sections. This is leading to steadily increasing procurement times and costs. Not only the prices for raw materials such as aluminum, steel or plastics are noticeably higher than before the pandemic, but also transport costs are causing price levels to rise. As a result, we are also facing increased expenses for production and transport.

Unfortunately, despite all efforts, it is not possible for us to compensate the additional costs incurred. Therefore we have to make a price adjustment for all orders from 1st August 2021. As we would like to keep the price adjustment as moderate as possible, it will range between 3 and 8 %, depending on the equipment or manufacturing components and the basic materials used with them, e.g. steel, electronics etc.

We ask for your understanding for this measure, especially against the background of the above-mentioned circumstances, which we cannot influence. Of course, we are in constant exchange with our suppliers in order to always re-evaluate the situation and to have to impose the surcharges temporarily.

We appreciate your support and look forward to continuing to work with you in a spirit of partnership, even in current turbulent times like these. Please do not hesitate to contact us if you have any questions.

Kind regards
Your team of ZABAG Security Engineering GmbH