SURREY, BRITISH COLUMBIA – Darryl McCulley, Regional Sales Manager for Drainage Solutions BC & YT, recently sent the following letter out to customers regarding a price change:
On behalf of Armtec Drainage, I am writing to thank you for your continued patronage of our drainage products.
As you may have heard, Armtec has entered a New Era in our 106 year Canadian legacy with Brookfield Asset Management (Canadian) acquiring Armtec last year. What this means is a renewed focus on bringing new products to market and re-investing in our plants, $8 Million already announced this year alone, that will deliver more value to you, our customer.
As with most Canadian manufacturers, we continue to experience a rise in raw material costs in 2016 that began in early 2015. This has been mainly driven by the depreciation of the Canadian dollar relative to the US dollar, where we buy raw materials such as resin and steel.
Like you, Armtec takes great pride in controlling our costs. Up until now, we have made every attempt to avoid passing these along on to you.
Unfortunately, the impact of these costs can no longer be ignored resulting in a price increase of 10% on all CSP, HPDE products, and accessories, effective May 1, 2016.
We truly appreciate your business and your understanding and sincerely look forward to working with you in the near future.
If you have any questions or comments, please don’t hesitate to contact me or your local Sales Rep.