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23.02.2015

Current currency exchange rate development

In our globalised world we take every measure to provide our customers the highest quality, with attractive terms, for slide bearings and seals.


The ECB's decision, bond buyouts into mid-2016 and the amplified crisis in Greece have led to a further drastic weakening of the euro against the US$, the CNY (China) and the TWD (Taiwan) by nearly 20 %.


As a result the calculation bases for our imports have changed accordingly over the past weeks and months.
An enormous advantage for the German export industry in terms of added value consequently entails massive cost increases for imported products.

Owing to our large store of holdings from last year we have been able to largely avoid price increases as of yet. Should the euro not visibly pick up in the near future, however, we will not be able to evade the corresponding exchange rate-induced adjustments in our sales prices in the intermediate term.

Of course, we will promptly inform our customers of any potentially necessary steps and are always happily available for additional information.


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