CMI NEWS & ANNOUNCEMENTS

FOR IMMEDIATE RELEASE: Price Increase Announcement – Fiberboard Effective:  May 02, 2022 Nationwide Dear Valued Customer; Please be advised that due to rising costs in energy, materials, and transportation, there will be a price increase of 10% to 15% on all fiberboard and cant strip/tapered edge products nationwide effective with shipments May 02, 2022 (regardless of order date). All currently priced fiberboard orders and job quotes, are ‘Priced at Time of Shipment’, and must ship prior to May 02, 2022 to receive current pricing, please confirm any open quotes with CMI prior to this date. We strongly suggest you plan for your […]

FOR IMMEDIATE RELEASE: Price Increase SecureGrip, WeatherWarrior, SecureWrap Products and Dual Logo products, Including Self Adhered Nationwide Dear Valued Customer; Due to inflation, increase in polymer resin, additives and shipping costs, CMI will increase the price on all synthetic products and house wraps, regardless of label or logo; effective on the following dates: All Warehouse Shipments Effective 4/15/22 All Container Shipments Ex. Plant Effective 4/15/22 – Regardless of order date.. • All SecureGrip Products – from 6% to 15% • SecureGripPro • SecureGrip25 • SecureGrip+ • SecureGripMax • PS Max HT – from 6% to 15% • All WeatherWarrior Products – from 6% to 15% • WeatherWarrior • WeatherWarrior BLACK […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Asphalt Effective:  April 4, 2022 Nationwide Dear Valued Customer; Please be advised that due to rising asphalt, transportation, and other costs, the price of all Continental Materials roofing asphalt products will increase between 5% and 7% nationwide effective with shipments April 4, 2022. Current global tensions have put unprecedented pressure on asphalt and transportation costs as crude approaches $100 a barrel. Availability may be limited and any material that ships after the increase date will be at the new price. Since supply is extremely limited, please plan accordingly. You will receive your new […]

FOR IMMEDIATE RELEASE: Nail Update – Ocean Freight Rates from Asia Dear Valued Customer; Abington, PA (03/02/2022) – As the leading importer of roofing nails in the United States it is our responsibility to keep our customers, and the market, informed of events and trends effecting the market. As our customers know we try to be the most transparent supplier in the market. We provide you a freight rate on your quote, which is really a place holder, and then when the container ships you would be billed any excess freight if the freight is more than 3% higher or […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Asphalt Effective:  March 14, 2022 Nationwide Dear Valued Customer; Please be advised that due to rising asphalt, transportation, and other costs, the price of all Continental Materials roofing asphalt products will increase between 5% and 11% nationwide effective with shipments March 14, 2022. This is in addition to the increase that was just implemented.   Current global tensions have put unprecedented pressure on asphalt and transportation costs as crude approaches $100 a barrel. Availability will be limited and any material that ships after the increase date will be at the new price. Since supply […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Fiberboard Effective:  March 01, 2022 Nationwide Dear Valued Customer; Please be advised that due to rising costs in energy, materials, and transportation, there will be a price increase of 5% to 7% on all fiberboard and cant strip/tapered edge products nationwide effective with shipments March 01, 2022 (regardless of order date). All currently priced fiberboard orders and job quotes, are ‘Priced at Time of Shipment’, and must ship prior to March 01, 2022 to receive current pricing, please confirm any open quotes with CMI prior to this date. We strongly suggest you plan for your […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Asphalt Effective:  (See Below) Nationwide Dear Valued Customer; Please be advised that due to rising asphalt, transportation, and other costs, the price of all Continental Materials asphalt products will increase between 5% and 11% nationwide effective with shipments as follows:   Western Region – February 07, 2022 Midwest Region – February 14, 2022 East & Southeast Region – February 21, 2022     You will receive your new delivered pricing from your local CMI Sales Rep or you can call CMI Customer Service at 1-800-247-6637.  All prior quotes for shipments after the effective […]

FOR IMMEDIATE RELEASE: Tianjin China – Possible Nail Factory Shut Down Dear Valued Customer; Abington, PA (01/12/2022) – Tianjin China – Possible Nail Factory Shut Downs – Delays on Plastic Caps and Bulk Roofing Nails: The majority of production of all bulk nail products are made in the Tianjin area. CMI ships 40–45 containers a month of plastic cap nails. Our largest plant is in the Tianjin port area, also the port area for Beijing, just 70 miles away.. One of the oldest and largest cities in China with 14 million residents Tianjin is now on partial shutdown as of January […]

FOR IMMEDIATE RELEASE: CHINA POWER/ELECTRICITY CURTAILMENTS MANDATED WILL THIS DELAY NAIL SHIPMENTS? Dear Valued Customer; Abington, PA (10/04/2021) – Container shipping issues have been a challenge. January’s $6,000 ocean freight is now over $30,000 in many cases. Port delays have not improved, but they pale in comparison to interior USA  rail delays. Union Pacific had a 25 mile train backup near Chicago. CMI has containers in Chicago area not delivered yet that are now over 11 weeks since they unloaded in California. These are issues we have been dealing with all year, and most likely will continue to have to […]