By Mary de Moist
Adval Tech Holding AG mentioned metal costs rose sharply within the first half of the 12 months, driving up prices for the corporate and affecting its clients within the automotive business.
On uncooked supplies:
“The auto business has confronted shortages of uncooked supplies and a few provider components within the first half of 2021, in addition to sharp value will increase and provide bottlenecks,” the provider mentioned. industrial of elements and sub-assemblies in steel and plastic.
“The scarcity of microelectronic elements, for instance, has pressured automakers to chop manufacturing, which has significantly affected the Adval Tech websites in Hungary and Mexico. In Brazil, Adval Tech needed to settle for at least three metal value will increase within the first six months of 2021, and in Switzerland and Germany, the group was pressured to pressure its web working capital with the intention to ‘guarantee the supply of uncooked supplies and components from suppliers. “
On his outlook:
“The financial forecast stays extraordinarily troublesome. Each the coronavirus pandemic and the bottlenecks within the provide of uncooked supplies and digital elements for the automotive business don’t make it potential to foretell the developments within the coming months. Adval Tech is due to this fact refraining from issuing particular forecasts for the second half of the 12 months. of the 12 months.”
Write to Mary de Moist at [email protected]