From Crane Composites:
Crane Composites’ efforts continue to focus on delivering your company an uninterrupted flow of quality products, while working diligently to minimize the impact of the current inflationary environment.
In the first quarter of 2022, inflation for key thermoset raw materials, freight, and other costs were considerably higher than anticipated. Future indicators for April and beyond point to additional increases fueled by global macroeconomics.
As a result, we will be increasing the material surcharge from 30% to 36% on all FRP products effective with orders shipped on or after April 11, 2022.
Download official letter HERE