As a result of EU measures against Chinese steel imports, combined with a reduced output of local steel suppliers we are experiencing a steep increase in all steel related cost.
Additionally, we have observed an evolution towards record price levels for other raw materials over the past few months and we are expecting increases of all crude oil related components.
Despite these increases, we remain a dedicated supplier of quality products and have converted all motors towards IE3 standard.
Unfortunately there is no escape from a general price increase. Despite the huge raw material impact, we hope to limit this increase to a maximum of up to 9% for certain product lines.
BAC will nevertheless continue to support its customers, as a reliable partner and supplier of innovative solutions with a focus on sustainability, driving value for both.