Read it and weap....
http://www.daiwa.com/jp/fishing/news/im ... _4164.html
Dear Customer,
Thank you very much for your patronage of our products.
Well, at our company, we decided to revise (price increase) part of the current goods from January 15, 2019, so I will inform you here.
In our harsh market environment, we have absorbed the soaring raw material costs so far by thorough cost reduction and savings in overhead expenses. However, it was decided that it would be difficult to absorb the price increase of repeated raw materials any more by self-help efforts, and we decided to revise the selling price though it is unwillingly unwilling.
We are sorry to ask you for your understanding of the circumstances of all kinds, thank you for your understanding and cooperation.
Record
1. Target product: reel, rod, part of goods
2. Implementation time: January 15, 2019
3. Price increase rate:
Reel average 2%
Rod average 3%
Supplies average 6%
Daiwa Global Price Increase 1/15/19
Re: Daiwa Global Price Increase 1/15/19
Well, at least it won't be willingly unwilling.
Re: Daiwa Global Price Increase 1/15/19
Bronzeye wrote:Well, at least it won't be willingly unwilling.
Silly translator
I think they put out this announcement before Trump cooled of his China trade threat. China would raise prices unilaterally for raw materials even to other nations to compensate.