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Powrmatic 1st October 2023 Price Increase Statement

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18 July 2023

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As a valued customer, please accept receipt of the below statement as confirmation of our intent to increase prices from 1st October 2023.

Due to increases in component parts and labour rates we are currently undertaking a review of our costs and believe that we will have no option other than to increase our prices.

We are currently trying to assess the actual impact on our manufacturing costs, and I assure you that we will look to absorb these costs wherever possible through our manufacturing process. Unfortunately, however, all costs cannot be covered.

We are unsure at present on how much this increase will be, but our initial thoughts are that the increase will be between 8% and 10% depending on product type. Full details of this increase will be made known as soon as we have them; we are currently reviewing the direct impact on each product range. 

Powrmatic is also having to make mandatory changes to our product offering to enable us to comply with the ErP directive 2021, these changes are ongoing due to the drive to increase production efficiencies and to continue to offer the highest quality equipment. The main impact of this will be the introduction of new product ranges, with new ranges being continually developed.

We assure you that wherever possible, overall price increases will be minimised.

If you need further information, please contact your local Area Sales Manager or the sales office direct ( 01460 53535. We would like to thank you for your understanding, continued support, and the opportunity to work with you in our chosen market.

Yours faithfully,

The Powrmatic Team

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