Company News

Price Unpdate Announcement - LONYUNG lighting

Update time : 2021-04-28 17:22:00

Dear Customers and Partners,

Thank you very much for your trust and continued support to LONYUNG.

This letter is to advise you that LONYUNG will be increasing prices on the products.

We have experienced rising costs across our supply chain, including raw material like aluminum, cooper, PC and packaging...etc.

This is a very difficult time for the market. LONYUNG was under very heavy pressure for the past few months to keep the same price for all customers.

We planned to bear all this cost ourself, however, we are unable to bear all of them due to the cost rise again.

All the material cost rising will lead to a 8% increasing based our current product cost.

In order to keep your profit, we have a solution that we both share half of the cost 4%.

Price will increase effective May 3rd, 2021.

Regarding this price adjustment, we hope your company can understand and support it. Our company will lower the price according to the material price If the market price drops. As always, we will continue to do our best to offer you high quality product and good service.

Please feel free to contact us if you have any questions.

Thank you very much

Sincerely

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