By Lisa O'Shea
3rd Apr 2020
Crown Paints have confirmed a price increase for the basket of goods CPC provided as a part of the framework tender as of 1st April. Additionally, all other items are also subject to a price increase from 1st May 2020.
Crown have provided the following rationale for these increases:
The paints and coatings industry is one of the most regulated in the world and at Crown Paints we work proactively to ensure our coatings comply with all the current legislation. Please see the EU Biocides Regulation 528/2012 (EU BPR) link.
There is also an increase due to the volatility of raw material prices. This is due to the unexpected high demand in regions such as Asia as well as uncertainty in Western Europe and North America. The closure of some production plants in the USA, Europe and Asia due to failures, maintenance work and accidents, have also resulted in the prices of raw materials increasing. These factors have resulted in the raw material supply markets gradually tightening, which has impacted raw material pricing.
CPC have assessed the price increase for the basket of goods provided at framework tender and the average increase is 4.8%. Due to this, we are confident that the new pricing will still be competitive in the market.
Updated pricing will be available on the Crown Paints page on the CPC website from 1st April and then updated again on 1st May 2020.
Please contact Procurement Officer Lisa O’Shea on email@example.com or 0161 974 0947, or your Crown representative if you have any queries or concerns.