Dear Valued Customer,
Ashton
Seals Ltd and Ashton Aerospace & Defence Ltd manage global supply chains
for a diverse customer base across multiple markets. Since the start of this
year, we have continued to feel the effects of ongoing geopolitical
developments, including regional conflicts and volatility in the energy market.
These factors have driven up processing and operating costs worldwide.
Our
supply chain partners in the Far East, as well as our manufacturing partners in
Europe and the United States, are all being affected. Recent conflicts in the
Middle East and sharp fluctuations in international oil prices have caused
significant instability in raw material costs and overall supply reliability.
In the past few weeks alone, several of our upstream material suppliers
including Zeon, Kumho Polychem, Lanxess, Dow Corning, Shin‑Etsu, Chemours,
Solvay, and others have increased their prices and begun implementing
allocation controls on polymers.
This
is currently our biggest concern, as further increases in raw material costs
are likely and may soon impact the pricing of our rubber products.
Whilst
we continue to do everything possible to absorb or mitigate these increases,
global events outside the control of our industry will inevitably have an
effect.
We
encourage you to review your upcoming requirements and speak with us about
options to increase stock levels at agreed prices or secure product earlier
than usual.
Our
intention is not to cause alarm, but to share the information we have so we can
continue providing the highest level of service.
Regards
Zoe Fearnley
Managing Director