Due to rising material and transportation costs, Arrow has announced on November 1, 2018, a new price list will go into effect for select Arrow Lock products. Arrow QL, MLX, RLX, RL, RK, and DBX products will not see a full increase, but will be rounded to the nearest whole dollar. All other products will see an overall average price increase of 3%.
Allegion Price Updates...
On June 1, 2018, the U.S. Government implemented a 25 percent tariff on all imported steel and aluminum into the United States, and an additional 25 percent tariff was placed on goods imported from China that went into effect August 23. On September 24, a third tariff was implemented impacting additional goods imported from China. These multiple rounds of tariffs have a significant impact on our business, and we will not be able to fully absorb these tariffs. To offset these additional costs, a list price increase of 7 percent will go into effect on December 1, 2018, and will impact a limited set of products lines:
Dexter Residential J Series*
Schlage Builders Hardware
LCN Aluminum Closers
* Note: Products will increase an average of 7%
** SC60, S60A, SC70, SC70A, SC80, SC80A, SC90 and SC90A