List Price Update - July 2023
Dear Valued Customer,
On behalf of Hilti, I would like to thank you for your business and the opportunity to work with you this year.
The instability of the external market conditions and their impact on Philippines persist, and pressure continues to be felt across the industry and the businesses that serve it. As a result of that pressure compounded with the volatility of raw materials and transportation costs, our operating costs have further increased over the past half year and since our last price update.
We value our partnership and have been trying to balance out those increases thus far but given the continued pressure Hilti is no longer in a position to maintain the current price structure and hence we need to revise our prices with effect from July 01, 2023, given that various product groups are impacted to different degrees, our list price increases are carefully adjusted at product level, with an aggregated price increase of 3.5%-5.0% including repair and spare parts.
We understand that you and the entire industry are facing many challenges, but we are confident that our industry-leading innovative, safe, and productive Hilti solutions can help secure your competitive advantage.
We also understand this change adds additional pressure to your business and therefore we want to provide you with notice to allow you to manage your costs and forecast.
Should you have any questions or need further information, please do not hesitate to contact your dedicated Hilti Account Manager or our Customer Service Hotline at +632-8784 7100.
Hilti Philippines, Inc.