Word: kammüller
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...livelihood, you might think that recent financial events there would amount to very bad news indeed. America's economy flagged in the second half of last year and the dollar has dropped sharply against the euro and other currencies, making exports to the U.S. less competitive. Yet Nicola Leibinger-Kamm?ller, for one, is still smiling...
...even though the pace of American orders is now slowing, Trumpf's sales elsewhere-from Saudi Arabia to Singapore, and especially back home in Germany-continue to rack up double-digit growth rates. "We can feel the U.S. slowdown, but it's not unsettling. There's no crash," Leibinger-Kamm?ller says. The continuing buoyancy of global trade "is amazing. We have to keep telling ourselves: Careful, this can't last...
...Nicola Leibinger-Kamm?ller, the chief executive of machine-tool firm Trumpf, certainly hopes so. The euro's current exchange rate of about $1.30 is painful "but not existential," she says, as the firm has used currency transactions to hedge against the risk of a weaker dollar. Trumpf's strong sales growth is in large part the fruit of geographical diversification by the company: it established a subsidiary in the U.S. way back in 1969 and opened an office in Japan eight years later. It's currently investing in facilities in the Czech Republic, Mexico and South Korea. "Our main competition...
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