F. L. SMIDTH & CO. A/S
77, Vigerslev Alle, Dk-2500 Valby, Copenhagen, Denmark
Telephone:(01)30 11 66
Fax:(01)20 11 90
Date: March 22, 2003
Dear Sirs,
We are pleased to receive your letter of MAR.17th,2003 . But to our regret, we cannot accept your counter offer.
As you know, the prices of steel as well as other materials and labor forces have risen considerably in recent days, it is difficult for us to supply our products at your prices. Besides, we believe our prices are quite realistic;it is impossible that any other suppliers can under-quote us if their products are as good as ours in quality.
However, in order to develop our market in your place, we have decided to accept your counter offer as an exceptional case as follows:
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