At present, most industries, including the glass bottle industry, have raised their prices because of the rapid increase in costs. In this regard, some customers may have questions: Is it necessary to raise prices so much? We hereby make the following explanation:
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    First of all, as we all know, the main raw materials for the production of glass bottles, such as heavy soda, quartz sand, limestone, broken glass, etc., prices rose sharply in 2009 and 2010 , during which labor costs, energy, transportation and package prices also All the way up. The increase in these costs has exacerbated the difficulties faced by the glass bottle industry. We have tried to digest these rising factors by increasing production efficiency and other means, but this is not enough to completely offset the pressure of the recent rising costs of the glass bottle industry.
    In fact, the glass bottle industry has not been able to keep pace with inflation in terms of sales price for many years. Part of the reason is that there are many unreasonable price competitions in the domestic glass bottle industry. However, in the long run, this is very detrimental to the development of the industry and will ultimately affect the customer itself.
    On the other hand, adjusting the sales price is in line with international practice and the laws of market economy. However, we are opposed to the situation of inflation, at the expense of product quality, reduce production safety, destroy the living environment, and even use inappropriate means to reduce costs. If such a method is used, it will eventually harm the entire industry, and even the entire society and customer groups.
    Glass bottle manufacturers will need to increase production capacity at a higher cost in the future and build new factories, which will have an adverse effect on future glass bottle prices. We want our customers to be aware of this. Special attention should be paid to the fact that not only glass bottles will become more expensive, but also other packaging materials, such as PET plastic cans , will even increase their prices. Customers continue to place higher demands on our industry's products, and this requires us to invest more in technology, equipment and training to achieve, but now these inputs will become more expensive. Therefore, we believe that a reasonable price adjustment is necessary, and that this will allow us to invest in research and development of new technologies to improve the quality of our products and allow our industry to better serve our customers. If customers are reluctant to accept price adjustments, future technologies will be used for reinvestment, upgrading of products and upgrading of technical standards will be hit.
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November 26, 2019