📩 AsiaTech Mouldings sent a price-increase letter — asking +7.0%

From: Le Tran, Procurement Director — AsiaTech Mouldings To: Akuna Buyer Team Date: April 15, 2025 Subject: Price adjustment notice — PP injection moulded parts Dear Akuna partner team, I hope this message finds you well. We have valued our four-year partnership and the volumes you have entrusted to our Vietnam plant. I write today with reluctance to communicate an adjustment that has become unavoidable. Effective May 15, 2025, we will need to apply a price increase of seven percent (+7.0%) on all PP injection-moulded parts shipped to Akuna under our master supply agreement. This increase is driven primarily by sustained labour cost pressure at our Vietnam facility — minimum-wage adjustments and skilled-labour competition have pushed operator costs up by approximately 12% over the past 14 months. Energy and packaging have also risen, but to a smaller degree. We remain committed to the partnership and are open to discussing this in person. We propose a meeting in the coming two weeks to walk through the rationale and answer any questions. Best regards, Le Tran Procurement Director, AsiaTech Mouldings +84 24 XXXX XXXX