Copper, aluminum, steel and nickel based alloys are the primary raw materials
used by this segment. We do not foresee any availability issues for these materials.
We do not contractually commit to minimum volumes and increases in price for
these items are normally managed through escalation clauses to the customer’s
contracts, which the customers may not accept. In addition, we seek to get firm
pricing contracts from our vendors on these materials at the time we receive
orders from our customers in order to minimize risk.
Zinc, the principal raw material used in the galvanizing process, is currently
readily available, but is subject to volatile pricing. We manage our exposure
to commodity pricing of zinc by utilizing agreements with zinc suppliers that
include fixed costs contracts to guard against escalating commodity prices.
We also secure firm pricing for natural gas supplies with individual utilities
when possible. We may or may not continue to use these or other strategies to
manage risk in the future.
Azz Inc's Comment on Supply Chain
Copper, aluminum, steel and nickel based alloys are the primary raw materials
used by this segment. We do not foresee any availability issues for these materials.
We do not contractually commit to minimum volumes and increases in price for
these items are normally managed through escalation clauses to the customer’s
contracts, which the customers may not accept. In addition, we seek to get firm
pricing contracts from our vendors on these materials at the time we receive
orders from our customers in order to minimize risk.
Zinc, the principal raw material used in the galvanizing process, is currently
readily available, but is subject to volatile pricing. We manage our exposure
to commodity pricing of zinc by utilizing agreements with zinc suppliers that
include fixed costs contracts to guard against escalating commodity prices.
We also secure firm pricing for natural gas supplies with individual utilities
when possible. We may or may not continue to use these or other strategies to
manage risk in the future.
Sources:
Azz Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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