Smitty's Supply, CAM2 International, and PennStar Announce Price Increases
- Smitty’s Supply, Inc. advised it customers it will increase prices on all lubricating oils, fluids, greases, aerosols, and automotive chemical products by up to 15%, effective December 8, 2021. In addition to citing significant increases in the cost of freight, Smitty’s attributes the increase to continuing increases in the cost of cost of base stocks, additives, resin, corrugate, steel, and labor.
- CAM2 International announced it is implementing a price increase of up to 15%, effective December 8, 2021. CAM2 attributes the need for the adjustment to increases in the cost of nearly every component that goes into making its lubricants, including base oil, freight, resin, additives, corrugate, and labor.
- PennStar, LLC advised its customers that it will be implementing a price increase up to 15% on finished lubricants, effective December 1, 2021. The increase is said to be due to continued increases in raw materials and substantial increases in transportation and the cost of labor.