A number of LED-related companies announced to increase product prices

Under the epidemic, the cost of raw materials, transportation and other costs have increased, and the pressure on foreign exchange rates has increased. In addition, the global supply chain will continue to face uncertainties in the future. Based on this, since the end of 2020, many companies at home and abroad have announced to increase product prices.

Signify

Signify’s increase notice shows that due to the huge increase in demand for electronic components, tariff costs have risen sharply, supply chain capacity shortages, supply chain costs have increased, transportation costs have increased, product delivery dates are uncertain, manpower shortages and many other uncertain factors Due to difficulties and difficulties, Signify decided to re-adjust the price from February 1, mainly covering Philips special/traditional/LED light source products, Philips LED components, lamps and other products.

Derun Electronics

Derun Electronics said that due to the impact of the epidemic, the mining volume of domestic and foreign non-ferrous & precious metal mines will decline in 2020, and the listed prices of copper, silver and other metals have bottomed out in March and have risen all the way. At the beginning of January 2021, the price of copper has exceeded 60,000 RMB/MT, and the price of silver has exceeded 5,100 RMB KG, rising by as much as 60% and 80%, resulting in a substantial increase in the cost of the bracket.

In addition, due to the recent rebound in orders and the decrease in shipping, the shortage of copper and rubber materials is serious. In order to meet the delivery, the unit price of the purchased materials can only be increased, and the cost has further increased. After financial accounting, many products have suffered serious losses. Therefore, DEREN Electronics decided to increase the price of its products and implement the new unit price from the new order.

CLP Lighting

Taiwanese professional lighting manufacturer China National Electric Corporation (brand name East Asia Lighting) announced to distributors that due to the sharp increase in raw materials, the production and supply chain will be affected. Therefore, the company will increase the price of East Asia brand lighting products, including T5/T8 light sources, T5/T8 lamps, LED light sources and LED lamps.

Universal Lighting Technologies

The American lighting manufacturer Universal Lighting Technologies (ULT) stated in an email to customers that the industry is being affected by the cost of raw materials (especially semiconductors, copper, magnetic materials, PCB, aluminum, steel, etc.), electronic components, freight and packaging materials. The impact of sharp rises and pressure on foreign exchange rates.

Therefore, ULT decided to increase the prices of some products by 2-7%, which will take effect on March 8. The new price list will be announced on or before February 8.