You may be aware of the significant turmoil in the foreign currency and investment markets over recent times. As of today, 9th October 2008, we have experienced a fall in the US dollar from a high of 98.5c to a low of 64.5c and a fall in the Euro from a high of 63c to a low of 48c in less than 2 months. Such large currency movents are unprecedented in our history.The Lomb Group is a significant importer of finished goods and raw materials and as such we are exposed to these large moves in currency markets.
We are doing everything in our power to maintain pricing where we can but the reality is that we cannot absorb such large falls, therefore our pricing going forward will be impacted, particularly as we replace current stock.
Ignore for a moment 'pricing going forward will be impacted' (my God, who teaches these people to write?), what I want to know is,
did the Lomb group drop prices when the Aussie dollar was strong?
Anyone?
Lomb Group: "the widest choice and the best value for your chemicals". Not, actually. For really good value on standard chemicals contact the Black Queen. We can save you heaps.
