Growth in turnover and profits at Blackburn-based tissue products firm Accrol have been hindered by supply chain issues, according to a recent trading update.
The company said that it was being forced to weather increased prices for pulp and other key materials, which have been hit by worldwide energy price increases and general inflation.
At the same time, the lack of availability of HGV drivers has further increased costs and restricted the company's ability to get its products to market.
Although Accrol intends to pass on the price increases, there will be a delay before the full costs can be covered. The board has revised its year end predictions, saying year-on-year revenue growth will be around 25 per cent, up from £136.6m.
- For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.
Enjoyed this? Read more from Tim Aldred