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 a credit if lower. No sense talking about the tripling of rates in 2021, but we do think it is important to let you know what we are seeing so far in 2022.

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.

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).

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:

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..