January 2012: price adjustment

The high level of raw material and energy prices continues to affect the production costs of the Wieland Group.

Of course, we continuously aim to optimise production costs and to use our resources in all processes economically and efficiently. Nevertheless, we are recording significant cost increases which can no longer be offset by productivity improvements alone.

Therefore Duro-Metall has decided to increase the fabrication prices between 5 and 7 per cent for shipments as from 1 January 2012.

Shortening of payment terms

Due to the unchanged high level of raw-material prices and the resulting financial burden, the Wieland Group is facing the necessity to further shorten the payment terms for deliveries.

As from 1 May 2011 the following terms will be applicable:

• payment terms of 20 – 30 days: reduction by 10 days
• payment terms of more than 30 days: reduction by 20 days

We thank you for your understanding.