Forthcoming Titan Oil Tank Price Increase
29th October 2009
TankDepot.co.uk advises customers of a forthcoming increase in price on selected Titan branded fuel and oil storage tanks.
With effect from Monday 2 November 2009, prices of Titan Single Skin Oil Tanks will increase by approximately 15%, whilst prices of Titan Bunded Heating Oil Tanks, Titan Bunded Waste Oil Tanks and Titan Fuelmaster Diesel Storage and Dispensing Tanks will increase by approximately 10%.
This increase has been largely driven by a significant fall in the value of Sterling against other international currencies. Polymer is generally priced in US Dollars and Euros and as a result, there has been a significant increase in raw material costs. Additionally, recent increases in the price of oil from which raw material feedstock is derived has also increased raw material prices and similarly impacted upon distribution and energy costs.
Single Skin Oil Tanks have also been impacted by reduced product demand, which in turn creates increased manufacturing inefficiencies, resulting in increased product cost. This is as a result of growing demand for Bunded Oil Tanks, which are now a legal requirement at almost all fuel and oil storage installations throughout the United Kingdom.
TankDepot.co.uk is committed to working with leading fuel and oil storage tank manufacturers, including Titan Environmental to provide a range of market leading, regulatory compliant domestic and commercial fuel solutions. The company is confident that despite this most recent price increase that the TankDepot.co.uk range remains competitive within a dynamic and competitive market environment.
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Article Last Updated 29th October 2009