HTPG Announces Price Increase Effective 5-1-21
Dear Valued Partner.
All of us at Heat Transfer Products Group appreciate and thank you for your business partnership. This past year has been unprecedented and has caused all of us to modify how we run our businesses and live our lives. This extended period is a unique and challenging time for our industry and the world.
The pandemic continues to impact our supply chain, our industry and the overall economy. Freight, raw materials (steel, aluminum, copper, wood and plastics) and component costs have continued to rise significantly, some higher than we have seen in decades. As a result, HTPG will be implementing a general list price adjustment of 5 to 7% on equipment, warranties and parts. The increase is on equipment, accessories and parts orders received on or after May 1, 2021. Orders that are received prior to this date, for standard lead times, will not be affected.
We are here to serve you and help you service your customers. As your partner, we want to help your business thrive now and in the future. We truly appreciate your business and look forward to continued success in 2021 for all of us.