(860)379-9875

Supply Chain Notice

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)  22 weeks  7%  6/22/2021  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:
h-o-part-coding-scheme.png

 

As always, if you have any questions or concerns about your specific item(s), please contact our office at 860-379-9875 x 14.

Sincerely,

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.

Sincerely,

Chris Olson
President

 

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