3M announces price increase

by
Not all products in the range will be affected
Not all products in the range will be affected

3M is announcing a series of price increases across products in its aftermarket range, which will see a prices rise by an average of 5.4 percent. The company says the increases are a response to ever increasing raw materials costs.

However the increases won’t be affecting the entire product range, with best-selling products like Soft Edge Foam Masking Tape and the Scotch-Brite range being held at their current prices.

The company is currently working to update label prices nationwide, ready for the new prices to come into effect from 20th June.

Mark Deakin, general sales and marketing manager for 3M said: “We have had to review our prices across the range as we are being charged significantly increased prices by our own suppliers for materials such as PET and propylene. This in itself is being driven by rises in crude oil prices over the past 12 months and restricted raw material supply.

Deakin says that the price increases will enable 3M to continue its supply operations uninterrupted to its national network of retailers.

Published by Darrenmoss

CAT magazine's in-house reporter and self-confessed petrol head

DVSA: 88 PERCENT OF GARAGES OFFER PICK UP AND DROP OFF SERVICE

The vast majority of independent garages offer a pick up and drop off service to those that need it, according to a survey. The poll, carried out on behalf of the Driver and Vehicle Standards […]

Read More

DVLA SHOULD CLOSE ‘IMMEDIATELY’ SAY UNION

Closure of licensing authority should be ‘temporary and immediate’ according to PCS union

Read More

ECP BOSS: INDEPENDENTS MUST ‘CLOSE GAPS’ IN DIGITISATION

Independents need ‘to keep up with the rest of the automotive sector’ to compete, says Andy Hamilton

Read More

MIDWEST REBRANDS UNDER ARNOLD CLARK BANNER

Factor chain, including Monmore Auto Parts, under group corporate identity

Read More

CMA: UNIVERSAL COMPONENTS MUST SELL CV FACTOR BUSINESS

Competition and Markets Authority rules that Universal Components must sell 3G Truck and Trailer Parts

Read More

Go to comments

Your email address will not be published. Required fields are marked *