FEBRUARY 15th, 2023
JENESSCO INDUSTRIES ANNOUNCES GLOBAL PRICE INCREASE
HOUSTON, TX., Feb 15th, 2023 -- Jenessco Industries, Inc., the largest producer of sandblast cabinet gloves and sandblast sundries, today announced a general price increase for its products. These price increases are effective immediately or as contracts allow.
Jenessco Industries is continually evaluating the costs associated with the production of our products. Our most recent analysis in January of 2023 confirmed that we and our global supply partners continue to see increases in the costs of key raw materials required to produce our products.
“Although some of the price increases as a result of the global pandemic have stabilized for shipping, the same cannot be said of key raw materials used in the production of our products,” said Benjamin Hernandez, President of Jenessco Industries, Inc.
In Fiscal Year 2022, the Board of Directors of Jenessco Industries, Inc. authorized the President to absorb some of the increases of its upstream supply chain and operate on reduced margins in the hopes that prices would return to pre-pandemic levels; however, that has not materialized.
“We really value our loyal customers that have put their trust in our products, and we wanted to hold off on passing increases on to them until it was absolutely necessary. As we begin Fiscal Year 2023, we’ve had to make the difficult decision to implement a general price increase.”
Jenessco Industries, Inc. is committed to providing quality products and services its customers expect and deserve and will keep price increases in line with the increased costs of production. For customers with existing signed and dated contracts (not purchase orders), we will continue to honor those agreements through their expiration dates.
For further information or questions, please feel free to contact us in the United States at +1 (281) 498-8833.