Dear customers,

we hope that you and your families are in good health and wish you a successful start to the new week.

Economic outlook

As you are no doubt already aware, the economic outlook for the industry remains fraught with uncertainty due to the global economy and the Corona pandemic. Various international and national economic institutes are forecasting significantly below-average growth for the European and Swiss economies in 2023. Growth of 1% is expected for Switzerland and moderate growth of 2.0% for Europe.

Price adjustments in 2023

Regrettably, price adjustments are not yet a thing of the past and we see further increases across the board, but with the exception of Hermes and 3M abrasives. The reasons for the increases are rising raw material prices due to the Corona pandemic, supply shortages, material shortages at key suppliers and increased demand for certain products. However, we are making every effort to minimize the impact to our customers.

Superfinish devices

We are pleased to announce that prices for Superfinish equipment will remain stable until the end of 2023. This is an important step to accommodate our customers during this difficult time.

New website and business field

Despite these adverse circumstances, we continue to work on the digitalization of our products and services. We have redesigned our website to further improve the user experience. In addition, we are pleased to announce that we are in the process of establishing a new business field in the area of industrial automation. We will provide you with more information as soon as the automation website is online.

We would like to thank you for your loyalty and support during this challenging time. Together, we will overcome the crisis and look forward to continuing to provide you with first-class products and services in the future.

Sincerely yours

Clemens Dudler
Managing Director