In an unstable and unpredictable economy, finding new ways of offsetting the extra cost of materials can be a challenge that manufacturers across the country are having to face.
Rising costs of imported raw materials combined with currency weakness means that the industry is having to manage cost pressures that have not always been so tough. Unfortunately, these costs are inevitably passed down from fabricators to installers, and in theory, from installers to consumers.
At ExtrudaSeal, we are always looking for ways to absorb any extra costs in order to avoid price increases for our customers. We do this by constantly evolving to ensure that we are running efficiently and cost effectively.
We are finding that our aluminium seals are becoming more and more popular, thanks to the emergence of aluminium bi-fold doors and windows. Though this might pose a challenge to some manufacturers due to the increased expenses, we see it as a huge field of opportunity and so are willing to absorb extra costs where possible.
To put it into perspective, Figures released by Palmer Market Research show that aluminium is set to reach a 17 year high of topping 220,000 frames within the next three years – exciting stuff if you’re in the business.
During the last year, we have extracted over 20,000km of gaskets in a variety of forms – and even launched a new gasket in a high gloss Piano Black finish.
Chris Byers, our Managing Director, said:
“Whilst we have recently had to increase prices slightly, for 5 years previous, we managed to hold prices despite the increases that we have seen in our own material costs. We achieved this by investing in new efficiencies and processes and we will continue to do our very best to absorb without passing it onto our customers in the future.
“Our customers can save money by buying in from us as a third party. Over the course of a year and with sufficient volume, the savings can fundamentally increase a fabricator’s bottom line.”