04 February 2011 16:36 [Source: ICIS news]
TORONTO (ICIS)--Rising raw material and energy costs are the biggest risk for ?xml:namespace>
The chamber, DIHK, said findings from a recent survey of 28,000 companies showed that 75% see the “immense rise in costs for resources as danger Number 1” this year.
The chamber estimated that
DIHK general manager Martin Wansleben said German producers would not be able to pass on the full raw material cost increases to consumers.
“The remainder [of the cost increase] will cut into producers’ profits,” he said.
Companies focused on the domestic market would suffer especially hard, as German consumers were “highly price conscious”, Wansleben said.
Exporters, on the other hand, had a better chance of passing on the rising input costs, he said.
He pointed to
Wansleben said DIHK expected rising raw material and energy prices to hurt
In related news, the European Commission this week proposed a series of measures to protect the EU against the volatility in commodity prices and to secure the access of raw materials.
($1 = €0.73)
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