Unfortunately Ceilidh Composite Technologies has also been affected by the increase in raw material costs in the composite industry. During 2021 the average carbon pre-preg price for our products increased by 5%, a price increase that we chose to absorb in our sales prices.
However recently we have been advised of another 10% increase in raw materials prices with immediate effect. Unfortunately this means we will be forced to increase our prices with an average of 4% over the entire product range.
It is disappointing for us that this has happened, but we will be able to keep the prices for all items already on order with us, and all items ordered before 10th January.