l The shrinking industrial paint market in the UK is forcing Tikkurila Coatings Ltd. to consider consolidating its UK manufacturing to one site.
The company currently has manufacturing and administrative sites at Bury in Lancashire and West Bromwich in the West Midlands, and would like to move all operations to the West Bromwich facility.
“The UK industrial paint market continues to contract, resulting in fierce competition on price with subsequent pressures on profitability,” said Nigel Smith, managing director of Tikkurila Coatings Ltd. “The market is such that we must address the increased overheads we carry due to having two sites, which our competitors do not. We intend to position ourselves to aggressively increase our market share in the UK.”
Tikkurila Coatings Mulls Downsizing UK Production
Published August 10, 2005
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