May 2018 Price Increase Announcement
Dear Valued Business Partners,
We have seen a strong start to 2018 due in no small part to your continued dedication to Roper Pump Company products. Unfortunately raw material cost escalations are far outpacing the growth. Although we have been able to avoid price increases for nearly four full years, we must implement a 5% price increase effective May 1, 2018. Some products, such as the PC pump line may see increases greater than 5%.
I can assure you that we have done our due diligence in the last four years to mitigate cost increases to the best of our ability. The production floor has been reorganized to make workflows more efficient and reduce internal costings. We have kept staffing levels lean while increasing quality controls and increasing order accuracy. Changes have been made with our partner foundries to reduce scrap rates and improve lead time and on-hand inventory of raw castings. Our Strategic Sourcing Department demands that our vendors justify their cost increases by demonstrating effort to operate more efficiently, reduce overhead, and maintain quality.
New price lists will be sent to you by May 1, 2018. Current forecasting suggests a strong possibility that we may need to do a second price increase before the end of 2018.
We appreciate your support and collaboration in promoting Roper Pump Company products. Please contact the office or your Regional Sales Manager if we may be of further assistance.
Vice President, Sale & Marketing