The US $ in EURO
1,0880

What happened this week: The question today is, what you call ‘the market’ these days. With the growth of the bigger companies (tanners and manufacturers) and their increasing purchasing power other fall rapidly behind. Their position in the market environment is getting increasingly difficult and under the present deflationary conditions their margins are rapidly eroding and their order situation as well. So, we are presently in a situation where many tanneries – mainly in Europe - are in serious trouble. Lack of orders and the low season in front of them they are getting increasingly nervous about their future and the classical and easy answer is to complain about raw materials. Not only about the price, but also about quality, because somewhere the responsibility for their problems has to be passed. The bigger and successful companies join the party and try to take advantage of the situation to widen their margins by using their purchasing power to take advantage by absorbing the hides others have to

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