How To Reduce The Cost Of Carbide Tooling From Services Offered By Manufacturer, QuickGrind, Ltd.
Online, December 11, 2011 (Newswire.com) - Given the massive surge in the cost of raw materials sourced from various parts of the world, price increases have consequently taken effect on tooling products. Such has been the case with carbide tooling products of exceptional quality from Quickgrind, Ltd., a leading tool supplier in the United Kingdom that has been supplying customers around the world for over 40 years.
Quickgrind has an international reputation for the design, development and manufacture of solid carbide and high speed steel cutting tools for mould, aerospace, automotive and general engineering industries. The company takes pride in supplying value-added, cost-reducing tooling solutions.
Helping explain the substantial price increase in their products, particularly the carbide price increases, the website details the facts associated with the increase in market prices.
"Our Swiss suppliers have increased our carbide prices since the beginning of the year by 70% or more. We tried our best early on to absorb this but, after the latest price increases, we just can't anymore; we hope we don't have to do it again - but we just don't know," the leading tool manufacturer explains.
Quickgrind underscores that the price increase, although startling to its customers, must be looked upon as only 2% for each tool as the tool life can be extented by using their remanufacting service (which is not effected by the price increase). How to reduce the cost of carbide tooling can be made simple because the tools can be remanufactured several times. As a result, the price increase can be spread over the tool's lifetime use. Quickgrind tools are designed to be remanufactured at least 5 times - which boils down to only 2% increase per tool.
Remanufacturing, according to Quickgrind, is a proprietary method of returning the tool to its original condition. It is offered by the company to clients in order to offset price increases. Most people know of the process as mere regrinding of carbide tooling, but it is more than just a case of sharpening the tool. When reground is necessary, Quickgrind tools can be redone seven or more times - making the products a worthwhile investment.
While branded tools from other suppliers may not have seemed to put their prices up by 12%, the opposite is the case; these companies have made smaller price increases to their products since the beginning of 2011. With the compounding principle at work, such prices may have already gone up at a rate that is much higher expected.
Quickgrind clients who need to know more about the much-talked-about carbide price increases can visit http://news.quickgrind.net/wtf-price-increases for the latest information on how to reduce the cost of carbide tooling.
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