Post-lockdown boost
9th June 2020

ANGLO EUROPEAN says it has added more than half a million pounds in new business during lockdown and into the first week of June.

The manufacturer says demand has exceeded its forecasts, including the signing of five new accounts in May, plus, four in the first week of June and a further four expected to agree terms before the middle of the month.

Group business development director Lee Marriott, pictured, said this would mean volume would be back at 60% of its pre-Covid level by the month’s end. He said: “The demand we have seen has been significantly over and above what we projected – and we spent a lot of time projecting. It’s being driven by three things.

“The first of these is that the demand for product has been high and money is flowing throughout the supply chain.

The second, is that a lot of companies are looking to sure-up their supply chain. A number of reinforcement suppliers didn’t come back last month - and in fact still haven’t come back. People are shifting supply to where they can get product, but I think they’re also looking to buy from UK suppliers. We manufacture in the UK in steel made in the UK.
“Then third, they get that they can make savings. They’ve used lockdown to look at costs and their overheads and when they can take them out, without impacting on quality, they are.”

www.angloeuropeangroup.co.uk