Melett: Nickel price is increasing turbocharger costs

Turbocharger brand Melett has warned the UK automotive industry to maintain quality, as soaring raw material prices are causing the cost of components rise.

Andrew Frodsham

 

The Office for National Statistics said that half of UK businesses reported a rise in the cost of materials, goods or services in March. The current price is around 60% up on the beginning of the year.

Nickel is the main element of the Inconel material used in the manufacture of turbocharger turbine wheels, as it can withstand the tough operating conditions and extreme temperatures of a modern turbocharger.

The biggest supplier of nickel is Russia and with the current conflict with Ukraine, coupled with the volatility in the raw materials market, as well as rising costs of labour, energy and transportation, prices of automotive components are increasing globally.

 

READ: BM CATS CHANGES BUYING STRATEGY

Andrew Frodsham, Melett Group Supply Chain Director, says: “Our investment over the years means we are able to operate a lean and effective supply chain, and in recent months we have increased and enhanced our availability and manufacturing capabilities. With a dedicated team, we are best placed to work with customers as we navigate through the volatility within the market.”

The firm’s “What’s in Your Turbo?” initiative encourages the market to question part quality even more and look beyond price and appearance. The company says it is very risky to assume that parts are identical, even if they look the same.

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Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

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