Monday, April 3, 2017

Holding the Line on Pricing

Continually rising raw-material costs have prompted a number of lubricant companies, including Castrol, Chemlube and CAM2, to announce a second round of price increases in April. The 3-9 percent price increases follow close behind the 3-9 percent increases that took effect in February and March. While we implemented a price adjustment April 1, we are working diligently to keep raw-material costs in line and have no imminent plans to increase prices a second time. Should a future price increase become necessary, we will provide notice in all the usual places.