Welcome to Techsil’s newsletter. I’m sorry it’s been some time but I hope you’ve had a lovely summer.
We’ve been really busy and since I last wrote and we’re working on our next acquisition in our Adhesives & Tapes space. It’s great to have the support of Diploma’s M&A team for these projects.
I’m delighted to have acquired TECHNISiL Gmbh in Germany and I am looking forward to building this business in Germany further.
Flick through the articles below and you will see some exciting news on bio-degradable adhesive and some Sustainability Awards won by our key suppliers.
I am pleased the UK election cycle is over and look forward to later this year when the US election result will be clearer. I dearly wish the two wars going on could come to a negotiated settlement too.The Red Sea crisis is also delaying supply chains and forcing costs higher. Let’s hope for more geo-political stability as the year ends and we enter 2025.
Consumer inflation seems to be coming down. I hope this filters through to raw materials soon but there is no sign yet. We are holding high stocks due to a softening in demand in the EV sector but I am pleased to see the Aerospace sector continues to go from strength to strength.
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