05 July 2013 17:32 [Source: ICIS news]
LONDON (ICIS)--While most participants in the European etac market speak of fierce competition with importers, compressed margins and a gloomy outlook, one producer sees it as merely a new situation that must be adapted to, it said on Friday.
“We are not in a crisis, we are just in a new situation, so [we] must adapt to it,” the source explained. “The car industry is lousy, it's not going to change. Europe [European markets] doesn't show growth because everything is moving to China and India.”
The source explained that the European markets are mature.
“You will not see growth of 5% in Europe going onwards.This situation is already here, the banking world is still in a crisis.”
The source believes that in the short term the etac market is healthy.
“If other producers are complaining about competition, I don't know where that comes from, I don't know. [There are] Enough enquiries in the market.
“There will always be competition, but it's healthy compeition,” the producer said.
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