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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Entrevista a Bernd Roegele. Helmut Roegele (Engel).

Interview with Bernd Roegele. Helmut Roegele (Engel).

01/02/2007

"The aid offered by the Government for investment, etc. is zero and closures and relocations are the order of the day"

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The Spanish market purchase, now and in general terms, to the highest bidder, without taking into account the added value they offer certain suppliers of injection machines. It is a market that boasts buy machinery financed through suppliers free of financial cost (original text taken from an article in a magazine in the sector) and maximum term, what will be and already is having serious consequences. Only the more prepared and financially strong aguantarán this pull.

At the same time the help offered by the Government for investment, etc. is zero and closures and relocations are the order of the day. Interestingly our neighbours (Italy, Germany and even United Kingdom) have closed the financial year 2006, how one of the best in recent years!

What demands the Spanish companies of transformation, in general, they are low cost and long finance by the provider. From here, special machines, multicomponent and electrical.

The situation in the short and medium term is difficult.

The market should go back to boot, even if only by empathy. Providers will suffer and are in fact suffering hard times.

Already there is a "cleaning" and in the future there will be only a number of European suppliers, who can count on the fingers of one hand

Related Companies or Entities

Roegele, S.A.

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