Between the global pandemic and the economic recession, the unexpected surprises continue in 2021. While last year’s abrupt industrial decline resulted in several closures of raw material manufacturing plants, the business is ramping up again as lockdowns are lifted. The smaller raw material supply creates now an unbalance with the rising demand, which results in aggressive material price increases. As the global economy is expected to go through recovery during the year, we expect the prices will decrease again, but given these exceptional fluctuations we need to temporary increase the prices of our equipment.
Therefore, starting March 13th 2021 all unit prices will be modified with a price increase up to 5%.