Dear Business Partner,

Unfortunately, the situation on the procurement markets has further deteriorated! The cost of the raw materials increased steadily this year – Copper and Steel by 50-60%, Aluminium by 70%, etc.

All our sub-suppliers increased their sales prices since last 2 months drastically.

A further compensation of the increased costs is not possible anymore. We need to increase our prices for new orders from 1^st of December 2021 by ca. 12%.

Now you have still the possibility to order upcoming projects to the old prices this month.

Dear business partners, the current market situation is extreme and highly unsatisfactory for all parties involved. However, we are currently powerless in the face of developments and must ensure that we remain able to act and be ready to deliver.

We thank you in advance for your understanding and hope to have a continued successful partnership with you in the future.

With best regards,

Universal Hydraulik USA, Corp.

Brent Bryan                                            Michael Uhl

CSO | COO                                              Managing Director
Phone: (419) 873-6340                            Phone: +49 6081-9418-18
b.bryan@universalhydraulik.com        m.uhl@universalhydraulik.com