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Supplier price hikes

Some of our partner suppliers are facing increasing prices, partly due to the high cost pressure currently exerted by the rising raw material prices and high inflation rates in the countries housing the major production sites.

We appreciate your understanding of the need to adjust our prices to reflect higher purchase prices. Please take this into account when placing orders.

Information about further price hikes can be found here. If you have any questions, please contact your local field or in-house sales representative.

Current supplier price hikes:

  • Since 01/01/2019
    Henkel Loctite: 2.9%
  • Since 02/01/2019
    Schaeffler: 4.5% on average
  • Since 29/01/2019
    Timken: 4.3% on average
  • As from  01/04/2019
    SLF: 4.5%
  • As from 01/11/2019
    NTN-SNR: +2,3 on average
  • As from  01/01/2020
    Schaeffler: +1,8% on average