Price Increase Announcement: press machines, shearing and bending machines

To all customers:

Hereby we announce that we must increase our exporting prices for all our products. Including press machines, hydraulic shearing machines, hydraulic press brakes, coil feeders and all parts.

The material prices were keeping increasing since March this year and it seems to be more expensive in the coming days.

Chinese RMB currency exchange rate to USD is also increasing. It was 6.7 in the year beginning but it is 6.3 now. It will come to 6.2 with high posssibility.

Sea freight and all transport forwarder handling costs are also increasing.

That is why we must increase our prices since June 2nd. All offers are not valid any more.

For new prices, please contact your sales manager.

The signed order will be still valid if the deposit already done.

The contract will be not valid if deposit not done.

Thanks for understanding and cooperation!