Eaton® Announces Price Adjustments Effective August 1, 2016
Tompkins Industries was notified on June 1, 2016, that, “Eaton’s Hydraulics Group will implement price adjustments on select products effective August 1, 2016. Price adjustments will vary by product line. New pricing will be in effect on all shipments on or after August 1, 2016. The average price increase is 12%.”
As in the past Tompkins has absorbed the cost updates for as long as possible before passing them on to our customers.
A letter to our customers who purchase more than $500 of Eaton product was mailed to their Purchasing departments on November 28 notifying them that Tompkins is holding off the price increase until January 2017. The price updates will be implemented primarily through List Price changes.
Tompkins continues to make every effort to control our internal costs, but we are unable to make up the losses due to the magnitude of the increases absorbed over the past few years.
We recommend reaching out to your Tompkins sales rep as we have more options to choose from than just Eaton and may have solutions that work better for you and your company.
As always we appreciate your business and do our best to listen to your needs for fast turnaround of orders.