General Chat / Discussion, page-6210

19 January 2023



Liam Butterworth, Dowlais CEO

Can I maybe just add a couple of points to that, because it's been incredibly challenging and complex to execute the inflation recovery this year. It's not just been a case of sending out a price increase letter. We've had sixty, seventy, eighty negotiations going on in parallel where across our portfolio we break down the commodity or the inflationary impact by part number, whether it's labour, energy, or steel.

And we've had a tremendous amount of success with our customers passing that through just because of the rigour that we've we'
ve entered into negotiations, and that's with both the auto on the powder metallurgy businesses and customers have been listening to us because of the amount of preparation and also because basically they need us.

They can't build cars without GKN. So when we've got very good relationships with our customers as we as we went through in the presentation.