The Austrian component supplier of leather for car seats, Boxmark, is expecting a 6 – 7% drop in turnover in its business this year due to economic recession and rising competition.

Boxmark’s chief executive, Joachim Haidacher, mentions falling volumes in automotive production as a reason for the drop in turnover. This trend, he says, is further reinforced by suppliers from the Far East, who are “ready to offer nearly every price,” he says.

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