BM CATS CHANGES BUYING STRATEGY

Prices of precious metals used in the manufacturing of catalytic converters continue to fluctuate rapidly, prompting emission product manufacturer BM Catalysts to put in place  a ‘short term buying strategy’ to remain competitive.

BM Catalysts Commercial Director Mark Blinston

Over the past two years, precious metal prices have increased significantly. Rhodium for example increased 210 percent during 2020, while other materials experienced similar price hikes.

READ: RISING MATERIAL PRICES ‘HERE FOR THE LONG TERM’ WARNS PRODUCER

Mark Blinston, BM Catalysts Commercial Director, said: “The price of precious metals has become very difficult to predict so we have reverted to a short term buying strategy to ensure we can react quickly. At the same time, as a leader in the manufacture of catalytic converters, we have been able to bring a number of process-driven efficiencies to the design, production, assembly and delivery of catalytic converters.”

Apart from increasing prices of new product, the value of scrap metals has once again made catalysts an attractive target for thieves, with police forces around the UK recording huge year-on-year increases of this type of offence.

For the latest news and analysis from around the aftermarket, sign up to the CAT eNewsletter today

ECP BOSS WARNS OF BLOCK EXEMPTION ‘EXISTENTIAL THREAT’

Andy Hamilton rails against VM ‘mini monopolies’ and demands that the UK government and the CMA take action in face of ‘abuse’ of the rules

Read More

PRA BOSS CALLS FOR FORECOURT ‘PINGDEMIC’ EXCLUSION

‘Forecourt workers are essential and should be exempt from self-isolation requirements if fully vaccinated’, say PRA

Read More

YORKSHIRE EXHAUST SPECIALISTS SAY ‘YES’ TO AAG BUYOUT

Leeds-based firm had been a UAN member and employed over 60 people

Read More

NEW TRADE COALITION FORMED TO FIGHT BLOCK EXEMPTION THREAT

AFCAR comprises of bosses from four major UK trade bodies

Read More

HALFORDS TO HIRE 700 TECHNICIANS

Chain hiring following a busy year for vehicle mobile servicing and pedal cycles

Read More

Go to comments

Your email address will not be published.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