Phoenix is ​​rumored to increase product prices due to factors such as rising raw material prices

On April 24, a picture circulated online showed that Phoenix issued a notice stating that due to factors such as rising commodity and raw material prices, the development of the epidemic, and the conflict between Russia and Ukraine, the company's product costs and logistics costs have risen sharply, which has had a very big impact on the company's business operations. Forced by this situation, the company decided to make necessary price increases starting from April 24, 2022.

According to the information, Phoenix Contact China is a subsidiary of the German Phoenix Contact Group in China. It entered China in 1993 and is headquartered in Nanjing. It is the global competitiveness center of the Phoenix Contact Group. As a well-known brand in the fields of global electrical connections, electronic interfaces and industrial automation, Phoenix Contact has always put its innovative spirit into practice, closely followed the changes in market demand, and driven by "customer needs and industry applications" to provide customers and partners with practical and effective solutions.

Phoenix previously stated that in the past 2021, despite facing many challenges such as the COVID-19 pandemic, raw material supply, and product delivery, Phoenix Contact finally achieved good market development with the trust and support of its users and partners.

In addition, Phoenix emphasized that 2023 is the 100th anniversary of Phoenix Contact Group. In September last year, the group headquarters officially released a new corporate purpose and mission, and the Chinese company also established the "202X Strategy" - leading the digital industry and enabling a fully electric society. In 2023, Phoenix will continue to vigorously promote the AES strategy and the digital transformation process of Chinese companies. In the field of AES, the company will provide comprehensive devices, systems and industry solutions for the transformation of traditional fossil energy to clean and renewable energy, as well as smart transportation, smart factories, urban infrastructure and other fields, to help implement China's dual carbon strategy.