To our Crane Valued Customers,
The rebound of the global economy from COVID-19 has led to unprecedented raw material and freight cost increases and pricing volatility. Material costs indices have climbed sharply in key materials such as carbon steel, ductile iron, copper and nickel. Various forecasts predict more increases in the second half of 2021 as demand continues to rise.
Although we have continued to work hard to abate the impact of these costs, unfortunately, material and freight inflation pressures continue across all industries and foreign exchange rates have continued to shift such that we are now forced to pass on a portion of this burden.
There will be an average price adjustment as follows:
Stockham Commercial Valve
Stockham® Cast Steel – 7%
Stockham ® Cast Iron – 6%
Stockham ® Bronze – 6%
Stockham ® Ball – 9%
Stockham® Butterfly – 7%
This adjustment will be effective July 21st, 2021, and will apply to all new orders received on or after that date. Existing quotations and orders will be honored until their expiration date for the specific quantities and lead times quoted. All quotations that have expired should be referred to our inside sales team for validation.
We would like to take this opportunity to reaffirm our commitment to supporting you in the market, and greatly value your partnership. Thank you for your commitment to CRANE ChemPharma & Energy.
Please do not hesitate to contact us with any questions at wloose@cranecpe.com or 1 (936) 271-6500.
With Best Regards,
William Loose-Mitchell
Global Business Line Manager
