Price increase May 2022
As of 1st of May 2022 the TWE Group will increase the price of all products
Due to continued and constant increases in raw material costs as well as drastically increased energy and transport costs, the TWE Group finds itself forced to increase prices once again. In addition, the continuing negative effects of strong inflation are also affecting the entire economy. The increases in raw material and freight costs combined with supply chain disruptions since Q2/2021 have continued with no relief in sight. Due to the Russia-Ukraine conflict in Eastern Europe, these costs have actually risen to unprecedented levels.
"Although we are doing everything in our power to minimize the impact of these increases, we cannot absorb the additional costs on our own and must also pass them on to our customers," explains Ralf Berens, CCO of the TWE Group. "We are constantly working on the efficiency of our productivity, striving to maintain and secure competitive prices, and taking permanent measures to avoid further increases where possible." However, it appears that these higher prices will remain for the foreseeable future. TWE Group's price increases range from 12% - 18%, depending on the product, and will take effect on May 1, 2022.
"Due to these impacts on the raw material and energy markets, which we cannot anticipate, we hope for understanding from our customers," says Berens.
© TWE GmbH & Co. KG, 2021