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Welcome to our Summer Newsletter & thank you for taking the time and trouble to have a look through.
I hope the customers of Viking Tapes are seeing some positive changes since being part of the TECHSiL Group. We’re expanding our stock holding enormously and hope to be more responsive, reducing lead times. I really enjoyed our visit to 3M Innovation Centre last week and was impressed with the Application Stations they set up. One was specialist vehicles and hence the photo of me in an RV which has lots of VHB applications inside! More on this below.
Sorry for all those price increases we pushed through during the spring. Touch wood the market appears to have settled down for now. Thank goodness for that and I’m glad to see the back of these increases. Let’s hope there are no more macro shocks form North America, Ukraine and the Middle East.
The latest UK PMI makes tough reading at 46.4 index. There’s no doubt operating conditions are tough, and we are facing some headwinds. It appears SME’s are the hardest hit as UK manufacturing continues to retract. Whilst trading conditions are turbulent there are some good signs with PMI reporting 2 months of orders increasing so let’s hope we’re starting to see the downturn ease and a more stable second half to 2025. The European PMI covering 8,000 companies across 11 countries is more optimistic suggesting more manufacturing activity in most sectors during May.
I was delighted that TECHSiL received the A1 Distributor Award from Momentive in April. This is a great honour and recognises the hard work the teams at TECHSiL put in with our Manufacturing Partners. Not only do I send huge appreciation and gratitude to the staff here, I am also thankful for the support we receive from the Momentive Teams in Holland, Leverkusen and Milan!
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