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Monday, January 19, 2015

PMA Member Quoted on Currency Issues

A new Associated Press article reports on the impact of the high dollar on American companies who operate internationally.

The piece, written by Paul Wiseman and Stan Choe describes how this "symbol of American economic might" can actually harm U.S. companies when they export products overseas.

PMA member Ralph Hardt is quoted in the piece.

"It's started to bite," the article quotes Hardt as saying.  

Hardt, who is president of the Jagemann Stamping Co. in Manitowoc, Wisconsin, notes that exports account for about one-fifth of his company's revenue.

He says in the article, "You risk having a (foreign) competitor getting between you and your customer."

Read the full piece here.

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