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FOR IMMEDIATE RELEASE
Price Increase
Dear Valued Customer,
During the past several months we have absorbed significant raw material increases in the basic components of Hot Melt technology such as EVA, waxes, and rosins. In addition these raw materials are on strict allocation worldwide putting additional pressure on the market. With the price of oil skyrocketing due to political instability in the Middle East we do not for see any respite in this upward price trend.
We have put great effort into cost reducing activities such as raw material substitutions and manufacturing process improvements. In spite of these efforts, we are in a situation where we must increase our hot melt adhesive prices effective April 1, 2011.
Adhesive Technologies values your business and will continue to work diligently on cost reduction opportunitied and to manage our program efficiently to minimize future increases. We will continue to focus our technical development on new products that provide our customers with value add solutions.
We thank you for your business and continued support.
Adhesive Technologies Sales Team
About Adhesive Technologies, Inc.
Adhesive Technologies, Inc is the world-wide leader in hot-melt adhesives and glue guns.
For more information, contact Adhesive Technologies, Inc headquarters in Hampton, NH at 1-800-458-3486 or visit www.adhesivetech.com.
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