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With no visibility about future customs arrangements, Kieselstein, whose firm employs 50 people and has an annual turnover of 8 million euros, told British Steel he may have to add German sales tax of 19 percent onto the bill after March 29. Kieselstein isn’t the only Mittelstand firm taking precautionary measures. Zabag Security Engineering, a maker of high-tech security gates and bollards, said it is looking for a new supplier in the EU for the grid mats it currently imports from Britain to avoid any disruptions to its supply chain.
The company, which makes about 10-15 percent of its sales in Britain, predicts difficulties in sending spare parts to Britain if extra customs red tape is introduced, and said this would have a big impact on trade and flexibility, “The English market vintage cufflinks nyc has always been a big part of our export business,” said a Zabag spokeswoman, “But the uncertainty of the English over Brexit has increasingly minimized the number of orders placed with us and almost come to a standstill.”, Joerg Daubner, managing director of DHD audio in Leipzig, which builds mixing consoles for radio and TV stations worldwide, said he was preparing to deliver a large order to Britain’s BBC before March 29..
“The transition period will be critical so we want to avoid delivering during this time,” he told Reuters. Even for firms taking precautionary measures, the ongoing uncertainty limits how much they can act. Max Frank, a Bavarian producer of products to reinforce concrete buildings, has started stockpiling parts at its British subsidiary in Stoke-on-Trent to limit any delays from customs disruption. “Our plan is to increase the stock of standard goods by roughly 10-20 percent from mid-February,” said Gerhard Bumes, who runs the subsidiary that employs 65 people.
“However, we produce a lot of goods made-to-order which we can’t stock, We hope not to have any delays in our imports, but unfortunately there is no defined political plan at the moment.”, Germany’s VDMA engineering association warned on Wednesday that a no-deal Brexit was getting closer by the day, vintage cufflinks nyc after the British parliament instructed Prime Minister Theresa May to renegotiate an exit treaty, “Unfortunately even after the vote in the British lower house, there is no new hope of avoiding a disorderly Brexit,” said VDMA head Thilo Brodtmann..
Patrice Kaiser, a trade expert at Merkur Bank, said many companies had overlooked that border checks, blocked ports and major tailbacks would not just be a problem for those who import and export directly to Britain. “If you import parts from Asia or China you should take a look at your supply routes because most of the imports up to now have been processed in Britain,” Kaiser warned executives at a Brexit seminar organized by the BVMW in Chemnitz last week. The eastern state of Saxony is home to many Mittelstand companies, and Kaiser said the region’s dependence on the auto sector made firms particularly vulnerable to Brexit. Britain is the single largest export market for German automakers.
NEW DELHI/LOS ANGELES (Reuters) - U.S.-based electronic cigarette company Juul Labs Inc vintage cufflinks nyc is hoping to launch its products in India by late 2019, a person familiar with the strategy told Reuters, marking one of its boldest bets to expand away from its home turf, After recruiting Uber India executive Rachit Ranjan as a senior public policy strategist, Juul this month hired India-based Mastercard executive Rohan Mishra as head of government relations, It plans to hire at least three more executives, including an India general manager, LinkedIn job postings showed, It also plans “a new India subsidiary”, according to one posting..
“It (the plan) is currently at an exploratory stage, but the company needs people on the ground in India,” the source said. Juul’s sleek vaping devices, which resemble a USB flash drive and offer flavors such as mango and creme, are a sensation in the United States but have drawn tighter regulatory scrutiny due to surging use among teenagers. Juul devices, like most electronic cigarettes, vaporize a liquid containing nicotine, the addictive stimulant that gives smokers a rush. Advocates for the devices say that they are far less of a health threat because users don’t inhale the dangerous matter taken into the lungs through cigarette smoking.
Opponents argue the devices still involve addictive chemicals and can be a gateway to cigarette smoking, especially for the young, The push to launch in India is part of the company’s broader Asia strategy, India has 106 vintage cufflinks nyc million adult smokers, second only to China in the world, making it a lucrative market for firms such as Juul and Philip Morris International Inc, However, India’s regulatory environment for tobacco and electronic cigarettes is highly restrictive, The health ministry last year advised states to stop the sale or import of e-cigarettes, saying they pose a “great health risk”, Eight of India’s 29 states currently ban e-cigarettes..