Enerquip is in business to provide our customers with the most cost effective and timely solutions for their heat exchanger needs. That is becoming more challenging with the cost of doing business escalating at unprecedented increases.
We have been working diligently over the last year to increase our supply levels for the many raw materials required to build our heat exchangers. The duration of the supply chain crisis and the cost increases for those materials have exceeded what our business is able to absorb. As an example, much of the tubing and pipe that we use has increased as much as 50% within just the last three months.
While we continue to persistently manage the changing environment, given the significance of the increases, Enerquip must increase pricing for its products.
Effective Monday, November 8, 2021, prices for all Enerquip products will see a price increase. Depending on the components used to build it, the increase could be up to 25%. We thank you for your patience and understanding as we work together to navigate this difficult economic time.
We appreciate your business and promise to continue to provide the quality and service you have come to expect from the team at Enerquip.
As always, please contact one of Enerquip’s Sales Engineers with any questions and to ensure your proposal reflects the latest updates.