The drop in the pound’s exchange rate against other international currencies following the EU referendum has provided UK based manufacturers with an additional competitive edge.
British manufacturers such as SE Controls have seen their UK made products become more price competitive since the drop in sterling, as a result of the increasing cost of imported products due to Brexit.
SE Controls’ Group Managing Director, Will Perkins (pictured above), explained: “We have seen that some of our competitors that rely on imported products, such as actuators for automated building ventilation systems, are experiencing higher product costs from their suppliers.
The potential knock on effect is that some firms will inevitably need to increase prices to address the cost increase or absorb the rises, which will have an impact on their profitability.”
The international smoke and environmental ventilation specialist is a member of the national ‘Made in Britain’ initiative that promotes British manufacturing and has based its production in the UK for the past 15 years.
Will continued: “The real benefits of manufacturing in the UK are that we have more control over our quality, costs and supply chain. Although the current pricing advantage being experienced by SE Controls and other British manufacturers could only be temporary, our collective reputation for innovation and quality remains unchanged, irrespective of the fluctuations in currency markets.”
A recently published ‘State of Trade’ report from the Federation of Master Builders (FMB) has lent its support to these views.
65 percent of the survey’s respondents have predicted material cost increases, whilst the FMB’s Chief Executive has also highlighted the additional pressures resulting from the falling exchange rate and gathering pace of price inflation.
Contact:
SE Controls,
Lancaster House,
Wellington Crescent,
Fradley Park,
Lichfield,
Staffordshire,
WS13 8RZ
Abloy UK is proud to announce its Aperio E100 and SMARTair solutions have successfully achieved PAS 24 certification.
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Doors, Facility Management & Building Services, Health & Safety, Retrofit & Renovation, Security and Fire ProtectionFor architects and designers looking to avoid traditional skirting boards, architraves and cornices, Renderplas offers its range of PVC plasterboard shadow gap beads for dry lining systems.
Posted in Articles, Building Industry News, Building Products & Structures, Floors, Interior Design & Construction, Interiors, Posts, Render, Restoration & Refurbishment, Retrofit & Renovation, WallsMembers of the MCRMA, the trade association for the metal cladding and roofing industry, had an exclusive opportunity to explore and discuss the changes affecting the construction sector at the first of the association’s roadshow events hosted by Siderise at its HQ and manufacturing facility in South Wales.
Posted in Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Cladding, Exhibitions and Conferences, Health & Safety, Restoration & Refurbishment, Retrofit & Renovation, Seminars, WallsThe latest Builders Merchant Building Index (BMBI) report shows builders’ merchants’ value sales were down -2.1% in January compared to the same month in 2023.
Posted in Articles, Bathrooms & Toilets, Bathrooms, Bedrooms & Washrooms, Bricks & Blocks, Building Associations & Institutes, Building Industry News, Building Products & Structures, Building Services, Building Systems, Civil Engineering, Concrete, Cement, Admixtures, Doors, Drainage, Drainage Services, Facility Management & Building Services, Glass, Glazing, Hard Landscaping & Walkways, Interior Design & Construction, Interiors, Kitchens, Landscaping, news, Paints, Paints, Coatings & Finishes, Pipes & Fittings, Plumbing, Posts, Restoration & Refurbishment, Retrofit & Renovation, Site Preparation, Sustainability & Energy Efficiency, Timber Buildings and Timber Products, Waste Management & Recycling, Windows