April 15, 2021
To Our Valued Customers:
As many of you are aware, 2021 has been a year of unprecedented price increases. Virtually every raw material we use has had a price increase, some only 3-4%, others as high as 24%, all since the first of the year. When we announced our price increases effective 1/1/21, we could not have anticipated this much price volatility, and now we are at a point where we must adjust our prices accordingly.
The chart below shows the price adjustment that will be effective 5/1/21 for the various material categories. All of our P/N’s are coded, we have included the material code, and a coding scheme, so you can see how this will affect the specific product(s) purchased by your company. These price adjustments are YTD increases, so if you have already purchased product this year, the increase will only be the differential between these increases and the ones published earlier this year. Example, if we previously announced a 2% increase for a given item, that item is now 10% effective 5/1, it would be an 8% increase from the price you received earlier this year.
|Material||Estimated Lead Times||Percentage Increase||Price Increase Date||Material Codes|
|15# and 25# PVC||12 weeks||10%||5/1/2021||P400, P500|
|7# and 11# PVC||7 weeks||15%||5/1/2021||P100, P200, P700|
|Silicone Foams (BF & HT series)||20 weeks||7%||5/1/2021||BF1M, BF1000|
|Silicone Rubbers||3 weeks||5%||5/1/2021||D300|
|Rebonded Rubbers/Neoprene||16 weeks||6%||5/1/2021||F100, F200|
|Sponge Rubber||16 weeks||5%||5/1/2021||E800|
|Solid Neoprene Rubber Sheet||3 weeks||4%||5/1/2021||D900, E300|
|Vinyl Nitriles/SCE 41 Neo||3 weeks||8%||5/1/2021||E100, L100, L200 & more|
|T2040/Polyurethane based products||7 weeks||8%||5/1/2021||R900|
|Polyether/Polyester Polyurethane||5-6 weeks||20%||5/1/2021||2H600, H200, H600|
|ClipFoam||5-6 weeks||10%||5/1/2021||A300, A400|
|BGT, H-O Mount||3 weeks||10%||5/1/2021||C series, N Series|
|Reticulated Foam||2 weeks||10%||5/1/2021||G Series|
|80D Vinyl with Adhesive||2 weeks||3%||5/1/2021||D400|
|Plain and Rubberized Cork||8 weeks||5%||5/1/2021||B100, B200, B300|
|Poly-Seal Butyl Tapes||6 weeks||5%||5/1/2021||T-2265, Q801, T-1602|
This table also shows the current lead time, by material type. If we have the material in stock, our standard 2 week lead time will continue to apply, the lead times shown in this table reflect our updated vendor lead times, if we are out of stock on any given item. We will notify you at the time of order if your particular material will need to be ordered, and if so what the lead time will be. To be safe, you should use these lead times as the current lead time for your product(s), we will advise if we can ship sooner in each case.
H-O Part Coding Scheme:
As always, if you have any questions or concerns about your specific item(s), please contact our office at 860-379-9875 x 14.
Chris D. Olson, President
H-O Products Corp.
April 1, 2021
Dear Valued Customer,
As many of you are aware, there have been many supply chain shortages worldwide. We wanted to reach out to our customers to inform and prepare you for the next few months ahead.
It has been brought to our attention that a large portion of our vendors have significantly longer than normal material lead-times as well as unexpected material/shipping price increases.
We strongly advise you to place your purchase orders and blanket purchase orders well in advance, according to the material lead times listed above. Please note any instructions, such as “ship sooner” or “do not ship sooner” as we will try to honor those requests.
We will strive to hold our 2021 Pricing, however, prices will be subject to change as we receive further notice from our raw materials vendors. We will notify you at the time of order if your pricing has changed since 1/1/2021.
The H-O Products team felt it was best to take a proactive approach to this challenging situation and will continue to provide you with the best customer service and on time delivery that we always strive for.
We will reach out with any additional updates as we receive them. Please feel free to contact Chana directly with questions – 860-379-9875 x 14.