FRASER TECHNOLOGIES
Spend to save in 2022
Graham Fraser , MD at Fraser Technologies , discusses how 2022 is the right time to invest in equipment and technology .
A brand new year has begun , and there seems to be a feeling of optimism in the air . After two years of uncertainty caused by the onset of COVID-19 , we hope we ’ ve turned a corner and are learning to live with the virus rather than be controlled by it .
People are returning to offices , travel restrictions are easing and we find ourselves in a different world . In the last two years , people and industry have changed – there ’ s a renewed focus on sustainability post COP26 and today ’ s challenges include staff and skills shortages , and much longer lead times .
As we reflect on all we have learned in this period and look to the future , the answer to many problems is more automation , lower maintenance and an investment in technology . The manufacturing industry has two years of catching up to do , and after a period of little investment , the time is right to consider capital spend . As lead times continue to be extended – and as more businesses recognise the need to buy new equipment and machinery – getting in early is key .
Why now ?
A 2022 purchase allows businesses to take advantage of the “ superdeduction ” policy that was announced in last year ’ s budget . This temporary policy allows companies to claim 130 % capital allowances on plant and machinery investments until March 2023 .
The Chancellor also announced a 50 % first-year allowance for special rate ( including long life ) assets that ordinarily qualify for a 6 %
special rate writing down allowance . Taken together , these policies provide a strong financial incentive for businesses to make additional investments , and to accelerate the rate of planned investments .
New equipment and a reassessment of products and processes can also help business to reduce carbon emissions and meet net zero goals . Cleaning solvents were historically guilty of very high global warming potential ( GWP ). However , there is a new generation of solvents which have been developed specifically with the environment in mind and are far less harmful than comparable solutions .
We recently worked with an aerospace manufacturer to find an alternative to the high-GWP solvent they were using . We switched their solvent and upgraded their equipment , and assisted in optimising their processes to reduce solvent consumption . This resulted in a 28 % reduction in their overall usage of solvent , saving them around £ 30,000 per year and significantly reducing their carbon emissions .
At Fraser Technologies , we have the expertise to assess your individual business needs and select the best component cleaning machine and speciality fluids for you to make this investment . For almost over 50 years , we have been delivering chemical solutions to UK manufacturing across a range of industries . As an independent supplier of equipment and chemicals we are able to work with you to provide the solvent or aqueous cleaning systems that best suit your business .
For more information about the products we offer and how we can meet your business needs , get in touch at sales @ frasertech . co . uk or call 01506 443 058 .
www . frasertech . co . uk
32 FEBRUARY 2022 twitter : @ surfaceworldmag