Hapco Announces 6% Price Increase Effective February 2006December 5, 2006
Hapco provided Hapco Sales Representatives and Customers with notice of an aluminum pole price increase of 6%, effective February 1, 2006.
This price increase is being driven by increased aluminum ingot costs, material costs, transportation costs, and motor carrier fuel surcharges.
In September 2003, the Mid-West daily transaction closing price average for aluminum ingot was $0.6698. As of close of business last week, it has risen to $1.0702, a 60% increase.
Increased fuel costs, transportation regulations, and lack of available drivers continue to drive transportation costs to unprecedented levels.
The following details were provided regarding the standard aluminum pole price list:
- A new price list has been mailed which replaces any and all standard Hapco aluminum price lists. All prior Hapco price lists should be discarded.
- All orders received for immediate release before February 1, 2006, will be entered at the current (pre-price increase) prices.
- Orders received after February 1, 2006, will be entered at the new prices.
The following details were provided regarding the general price increase:
- All outstanding quotations will be honored as per the terms and conditions of the quotation.
- Quotations for orders that will release after February 1, 2006, will reflect the price increase.
- Pricing will be honored for hold orders released before February 1, 2006, for immediate shipment.
- Hold orders released after February 1, 2006 will be evaluated at the time of release and re-quoted if necessary.
- Any hold order that is older than 6 months will be cancelled on February 1, 2006, unless already reviewed and approved by Hapco Sales. The Regional Sales Manager or inside sales representative should be contacted to review hold orders.
Please contact Hapco Regional Sales Managers with any questions with regard to this announcement.
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