Schmitz Cargobull will increase its prices by up to 5% in response to high energy and labour costs, as well as rising material prices.
The semi-trailer manufacturer said the latter, especially for steel and raw materials traded in US dollars, had a direct impact on production costs and affected the whole industry.
“The decision to pass on some of the rising material costs to our customers was not an easy one for us,” said Schmitz CEO Andreas Schmitz.
“The economic environment is difficult, not least due to the uncertainty on the corporate and consumer side, but also due to the challenging political landscape.
“However, no company can sell its products below production costs in the medium term.
“Therefore, we see no other option than to increase prices now in order to continue to offer our customers the high quality and reliability of our products that they have come to expect, and which allows them to operate economically in the long term.
“Should material prices fall contrary to expectations, this will be reflected in the price calculation and we will pass the cost advantage on to our customers.”
The company added that it would continue investing in measures that increased productivity, as well as research and development.
“We want to do the right thing for our customers and not compromise on product quality,” added Schmitz.
“The aim is to reduce the total cost of ownership.
“For example, we continue to rely on galvanised vehicles that retain their value and offer the best insulation for temperature-controlled transport in our refrigerated boxes. Despite the higher purchase price, this pays off for the customer.”
