Thank you very much for your trust and support to UTEK group.
At present, due to the low sales price of fiberglass products on the market, we are under intense pressure of production cost.
Therefore, after consideration, we decided to make a price recovery adjustment for fiberglass products from October lst, 2020, with an increase rate of 10%.
As for the contracts already signed will be honored.
Our sales managers will contact you as soon as possible to discuss the follow-up cooperation with you. Thank you again for your understanding and support!
CHANGZHOU UTEK COMPOSITE CO LTD
September 24, 2020