Schmitz Cargobull announces price increases

This measure is a response to high energy and increasing labour costs, as well as rising material prices. The latter, especially for steel and raw materials traded in US dollars, have a direct impact on production costs and affect the entire industry. “The decision to pass on some of the rising material costs to our customers was not an easy one for us,” said Andreas Schmitz, CEO of Schmitz Cargobull AG. “The economic environment is difficult, not least due to the uncertainty on the corporate and consumer side, but also due to the challenging political landscape. “However, no company can sell its products below production costs in the medium term. Therefore, we see no other option than to increase prices now in order to continue to offer our customers the high quality and reliability of our products that they have come to expect, and which allows them to operate economically in the long term. Should material prices fall contrary to expectations, this will be reflected in the price calculation and we will pass the cost advantage on to our customers.” Despite the economic pressure caused by increased costs, Schmitz Cargobull will continue to invest in measures to increase productivity and in research and development, in order to offer its customers reliable and cost-effective transport solutions that help them to operate profitably.

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