Welcome Guest to Coatings World    Login || Register
Last Updated Saturday, October 25 2014
Print

BCF Asks Government To Look at Declining UK



Published August 9, 2005
Related Searches: Industrial Coatings Wood Finishes
l In mid-August, British Coatings Federation (BCF) president Peter Rieck wrote to Patricia Hewitt at the UK Department of Trade and Industry asking for official recognition of the critical state of UK manufacturing and calling for appropriate and urgent action to be taken.
According to BCF, the situation is most severe in the industrial coatings sector where sales have been falling at an annual rate of 10% with June figures showing the seventeenth consecutive monthly decrease. General industrial coatings, wood finishes for the furniture industry and printing inks have taken the hardest hits. BCF contends that “profits continue to fall with 40% of firms in the industrial coatings sector now trading unprofitably, with 80% of all participants in a recent survey reporting lower gross margins than a year ago.”
BCF’s letter also noted that employee numbers fell five percent in the last year, the largest decrease since 1996, while new investment is down 20%. In addition to declining sales, BCF cited increasing labor costs, energy and other environmental taxes and the disproportionate burden of EU legislation as enacted and enforced in the UK as “serious threats” to UK competitiveness.
The plan of action submitted to the government by the BCF included a reduction of the legislative load, a 12-month delay in implementing costly forthcoming EU labeling laws and the introduction of smaller industry direct support to encourage investment in R&D and environmental schemes.



blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Follow Coatings World On