Freitag, 11. Januar 2008

Dollar low and exchange rates

Well, I hope you are not personally concerned of the actual subprime US crisis. Today American Express has reported 300 mil $ losses, 2 swiss banks have been hit recently and also today Rolls Royce states, they will lay off workers, because the actual low dollar. We had this before with Airbus industries and german car makers, stating they either need to lay off personal or switch production to happen more in the US.

I understand that large multinational companies have other intentions, also competition and price wars. But to go bankrupt just to deliver to that US market ?

Now also my Ukrainian partners have finally changed their money transfers from $ to €.
We produce and buy parts in Kiev/Ukraine and Munich/Germany. Hartblei will not support the mistakes of the american banks as well as the Bush war policy that sent the dollar down. So this means our prices are in € and due to the actual exchange rates may vary in Dollars.
I know some Americans may not like to read that, but we will not lay off staff although we have enough work, just to keep our products cheaper in the US.
I pay our Zeiss Glass and the elox work in Oberkochen with Euros.
I know that this is a difficult situation also for our potential dealers in the US.
But I think in Your and Our interest, we want to build these lenses with no compromise, as good and as valuable as we can.

Greetings from a winterly and cold Kiev


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