MTL Devices Product Lines - Prices Increase Announcement
April 24, 2022
Dear Partner,
Over the past years we have grown our partnership and at EATON we have been happy to support your long-term goals. At Eaton we are continually striving to hold back inflationary cost through our active approach to Value Engineering and multiple sourcing activities to help offset cost increases in the supply chain.
However, we are still experiencing unprecedented cost increases across raw materials, freight, packaging, gas & electricity to name just a few. As the global economy recovers and continues to drive additional upstream component demand, please rest assured that our supply chain teams are working tirelessly to leverage additional sources of supply.
Despite these continued efforts we are once again re-aligning our market pricing to accommodate these unforeseen cost increases in 2022. Effective 1st May 2022 we will be implementing an additional 5~20% price increase across our product lines.
We have included revised price files where applicable – please note that we will endeavor to honor any existing quotes where possible, but this will be subject to specific project negotiation.
Thank you for your support during these unprecedented times and rest assured we are doing all we can to maintain continuity of supply and keep our prices fair to both parties.
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