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Fair: The Cost Of Domestic Household Electrical Appliances Affected By Exchange Rate Shocks by big tree





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Fair: The Cost Of Domestic Household Electrical Appliances Affected By Exchange Rate Shocks by
Article Posted: 10/24/2010
Article Views: 30
Articles Written: 1033
Word Count: 746
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Fair: The Cost Of Domestic Household Electrical Appliances Affected By Exchange Rate Shocks


 
Business,Business News,Business Opportunities
Home Appliances brand in the Fair's exhibition to see, where concentrated

TCL , Haier, Hisense, Manpower and so many domestic appliances giant, said to reporters, "adjustment of RMB exchange rate against the U.S. dollar affect the enterprise," the issue, said home appliance enterprises have a great impact, people are a headache, but after some lighting companies Euro Clearing methods used household electrical appliance enterprises are now also Chinese and, most household appliances enterprises that it would take into account in euros. In addition, the reporter also noted that, due to rising costs, household electrical appliance enterprises are now choosing to "small step Run" means price increases. "Once a month up to be considered." A major home appliance business sector official told reporters.

TCL Air conditioning Division Vice President is the only reporter admits to "a very big impact," "we are more motivated to develop the European market, as the development of the European market, the direct positive is in euros."

Exchange rate adjustment and raw materials prices also makes this year's household electrical appliance enterprises to embark on the road prices. "Our products are more, some less prices rise, some up a little more, the overall average price increases by more than 5%." Guangzhou, a household electrical appliance enterprises are quietly told reporters.

However, despite the costs and suffered the double impact of the exchange rate, most enterprises still remain optimistic about home appliances. Only said that China's home appliance manufacturers have formed a strong size advantage that foreign buyers are also very promising, but in the next 35 years, can maintain this advantage.

News Fair appliances clothing Zhangshengyipian "Most overseas customers to accept price increases, said the fact that only a limited increase of acceptable", Chun-lan Feng Bin, General Manager of Import and Export Company opened yesterday, said the 103rd Canton Fair. Times reporter yesterday in Canton Fair

Appliance World Expo Hall learned by raw material prices, RMB appreciation are two main factors, including air conditioning, refrigerator, washing machine,

TV , Kitchen and home appliances small home appliances and other products across the board increases the export offer. But there are many companies related to official said, even if price increases are still not profitable, it may be forced to reduce the proportion of exports.

The market price of different export

Feng Bin, told reporters that air-conditioning industry-wide price increase exports is an indisputable fact. "But I can not tell you how many up, like we have in Europe, the Middle East, as well as some emerging markets, each market will be different."

Galanz Public Relations Minister Juan said yesterday, the Canton Fair, microwave oven corresponding rise in export prices, but

LG Samsung in the international market to the "cheap tactics" so that microwave oven is very fierce global competition, "Glanz Microwave export prices only edged up."

Although the relevant person in charge of these enterprises on the "rise" appears to secrecy, but

Refrigerator People responsible for the export of household electrical appliances exported to the calculations of the cost increase: "After the implementation of the new labor law, labor costs increased by 12%, counted after the total cost increase of 1%; iron and steel, copper, energy, plastics and other raw material prices up, so that the total cost increase of 2%; national tightening of macroeconomic policy, corporate lending more difficult, so the total cost increased 0.5%. plus logistics costs, and other factors, a refrigerator to increase the production cost 4% ~ 5%. The RMB has risen from last year's 7.79 now 6.992, just this one, so that the cost of a full export of a percent increase. "

"Appreciation of the RMB to exit the pressure is greatest, the Pearl River Delta, Yangtze River Delta thousands of export enterprises have closed down," the source said, "companies do not raise prices on can not survive, but the low rise rate of increase in costs. "

Component of the domestic market increased

Reporter learned that the yuan continues to appreciate the situation in the short term will not be reversed, economists expect the future exchange rate "broken 6" before it can "bottom."

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