Norris continues to be impacted by material related and operational cost increases from our suppliers. Despite our continued efforts to be able to contain a majority of these supplier cost increases through stringent cost controls and disciplined continuous improvement, we are at a point where we can no longer compensate for these inflationary effects.
For these reasons, we will need to raise prices to remain in a net neutral position.
Therefore, effective 1st April, 2023, Norris Cylinder Company will be raising prices on all cylinders by 15%. Your sales team is working to get you an updated price list, which will be forthcoming. The price increase will be effective for all open inquiries and new PO’s entered on or after April 1st.
Under normal conditions, we would prefer to provide an advance notice prior to implementing any price increases. However, in the current environment, our suppliers are making their increases effective immediately, so we are forced to put forth these inflationary driven increases in the same manner.
The decision to increase pricing was evaluated very carefully, and with intent to offset our cost of doing business with the most minimal effect on our customers as possible. We will continue to work relentlessly to drive improvements in efficiencies in our manufacturing while building the highest quality, safest cylinders.
We appreciate your understanding and confidence in Norris to be your cylinder supplier, and we promise to continue to provide you the best possible value in the industry.
Should you have any questions, please contact your Norris sales representative.
Yours sincerely
Greg Manfredi
General Manager
