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May 24, 2018

 

To All Our Distributors:

On May 27th Weldbend will issue a new Price Sheet (518), changing only flange pricing at this time. With continued flange forging price increases, we have had to adjust pricing since the last increase only a few months ago. A total average increase for flanges of about 11% has taken place since the first of the year. With this increase, flange prices are, on average, approximately 0.23% higher than they were in August of 2008. As everyone knows, costs for health insurance, wages, gas and electric have all gone up, so we feel the approximate 0.23% increases that we have had to implement so far this year on flanges do not cover the costs that we have incurred since 2008.

As I write this letter, business has not slowed up and is still running at a very healthy rate. Our ship time is approximately 2 - 2-1/2 weeks, with fill rates on average 90% being filled on first shipment.

We continue to add more state-of-the-art equipment for our production, hoping to increase the fill rate, even during these hectic times.

As we continue through the year, we feel business should be brisk and steady, at least through the end of 2018. An average delivery time for pipe now is 12 14 weeks, and I have heard that on specialty items it is much longer than that. As always, we will keep you advised and if you have any questions, feel free to call.

 

James J. Coulas, Jr.
President

 

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