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Price Increase Notification

 
26th August 2016
 
Attn: Purchasing Department
 
RE: Price Increase 01/10/2016
 
Dear Customer,
 
It is with regret I am writing to advise you of a price increase to all orders dispatched from the 1st October 2016.
 
This is due to significant cost increases we have incurred in the last 12 months, which we must now partly pass on, as foreign currency exchange rates for Sterling have dropped significantly this year, due to uncertainty leading up to the 'Brexit” referendum, then a sharp drop following the referendum itself, leaving the pound on a very weak level. Additionally, there have been raw material cost increases to our manufacturing partners due to steel prices increasing by up to 25% and expected to continue rising into 2017.
 
As we import many of our products, we have to pay in US Dollars and Euros and the pound has dropped by approximately 19% against the Euro and 16% against the US Dollar, thus having a direct effect on the cost of the tools, fasteners and spare parts we purchase.
 
Below is a table showing Sterling currency movements in the last 12 months against the US Dollar and Euro.
 
Sterling Exchange Rates Aug-15 Jan-16 Aug-16 12 Month Fall
US Dollar $  $1.56  $1.48  $1.31 16.0%
Euro €  € 1.43  € 1.36  € 1.16 18.9%
 
Through forward planning and maximising our stocks, we had been able to avoid having to increase our prices earlier, but it is now necessary to do so for the first time in 5 years, as we cannot absorb the impact of the increases any longer.
 
As you can see, we are not trying to recover the full cost increase and our prices will increase as follows:
 
          Product Group
 
% Increase Date Applying
ITW Products (Cullen / Gang-Nail / Paslode / DuoFast)
8.5%

01/09/2016
Senco products
8.2%

03/10/2016
BeA products
Simpson Strong Tie / QuikDrive
All other products
8.5%
8.5%
8.5%

01/10/2016
01/10/2016
01/10/2016

 

Existing prices will only apply to orders dispatched before the applicable date above.
 

At all times, we understand your need to control costs, but please be assured we do everything within our control to keep price stability, by trying to source the best product for you at the lowest cost. Please contact our sales team to learn how bulk purchasing and forward ordering commitments can improve your current purchasing costs.
 
I would like to thank you for your business and your continued understanding and support.
 
Yours sincerely,

Craig Sandeman
Managing Director


NAILFAST
Units 4-5 Nobel Court, Nobel Road
Wester Gourdie Industrial Estate
Dundee, Angus, Scotland, UK, DD2 4UH
t 01382 622 993  e sales@nailfast.co.uk 
f 01382 612 993  w www.nailfast.co.uk 

        
This email is from The Dundee Nail Company Limited, trading as Nailfast, Scot-Nail and S&G Fastenings. The email and any attachments are confidential and may contain privileged information. The information is intended for the named addressee(s) only. If you are not the intended recipient, please notify us immediately and do not disclose, distribute, or retain this email or any part of it. While we may have checked this e-mail and any attachments for viruses, we do not warrant that they are virus-free. You must therefore take full responsibility for virus checking. The Dundee Nail Company Limited reserves the right to monitor all email communications through their networks in line with the Lawful Business Practice Regulations, 2000.
Company Registered in Scotland, United Kingdom no. SC351533. VAT Registration no. GB 942 6750 09.
Copyright © 2016 Nailfast, All rights reserved.


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Store Top Sellers
1. Nailfast A11 x 9mm (3/8') galv flat wire hammer tacker staples. 5000 per box
2. 71 series x 10mm Stainless Steel Staples 10 000 per box
3. Collated Drywall 3.9 x 35 mm Black Phosphate Coarse Thread Strip Screws 1000 per pack
4. Nailfast 3.1 x 75 mm Galvanised Ring Strip Nails & Gas Pack
5. Collated Flooring Screws 4.5 x 55 mm POZI Head Pack of 1000
6. Nailfast 3.1x90mm Screw Galv Plastic Collated Strip Nail 20° 300no CE — Service Class 2
7. Nailfast 2.8 x 50 mm Galvanised Ring Strip Nails & Gas Pack
8. Poly Strapping Tensioner / Cutter Tool
9. Medium Duty Black Plastic Reel Polypropylene Strapping 220kg
10. Nailfast 50 mm Flooring Cleat Nails T-Shape @ 1000 per box

Top Rated Products
A selection of some of our highest rated products...

Fasco F1B 7C-16 upholstery Tacker  
Fasco F1B 7C-16 upholstery Tacker
£ 179.38
Nailfast 71 series x 10mm Galv Upholstery Staples 10 000 per box  
Nailfast 71 series x 10mm Galv Upholstery Staples 10 000 per box
£ 6.44

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We Recommend
Kyocera Unimerco 107464 TJEP FH38/130 ring. HDG Full head. Box 1.250 pcs.
Kyocera Unimerco 107464 TJEP FH38/130 ring. HDG Full head. Box 1.250 pcs.
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£ 210.52

Kyocera Unimerco 842533 TJEP AB15 32mm brad. SS 4A Box 4.000 pcs.
Kyocera Unimerco 842533 TJEP AB15 32mm brad. SS 4A Box 4.000 pcs.
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£ 126.84