WOLVERHAMPTON, U.K.—MacLellan Rubber Ltd. said it is monitoring potential impacts from Russia's invasion and expressed sympathy toward "the millions of people affected by this tragic turn of events that will inevitably have a large human cost."
In a March 2 statement, the rubber company addressed industry concerns surrounding the conflict in Ukraine.
"During these difficult times our customers expect us to remain focused on ensuring we have the products they require when they need them," the Wolverhampton-based rubber processor said.
Reviewing the potential impact on material supply, MacLellan said it is currently holding significantly higher stocks than it had 12 months ago as well as robust supply chains in place to maintain these levels.
See our full and ongoing coverage of impacts from the war in Ukraine.
"We are already seeing some extensions to lead times, both from inside and outside of Europe, however there are no indications yet of major shortages in any specific raw material," the company noted.
Nevertheless, MacLellan urged customers to place forward orders as early as possible to help the company to plan its production schedules well in advance.
Regarding raw material costs, MacLellan said while prices had jumped due to the crisis "we forward plan up to 20 weeks in advance so are able to secure materials at the best price."
