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Minnesota Exports Growing at a Slower Rate than Earlier in Year

Dec 30 2018

Trade tariffs, strong U.S. dollar putting pressure on markets.

Arden Hills-based packaging-machine maker Delkor Systems said it is being hurt this year by unfavorable currency translations, which tend to make U.S. products more expensive overseas.

By: 
Star Tribune

Dan Altman, VP of Sales at Delkor, comments on the impact of trade tariffs and fluctuating currencies for multinational packaging manufacturers.

 

... Arden Hills-based packaging-machine maker Delkor Systems said it is being hurt this year by unfavorable currency translations, which tend to make U.S. products more expensive overseas.

 

Delkor’s exports are down for the year. It received its first order of the entire year from Canada just two weeks ago.

 

“I was kind of shocked by that,” said Dan Altman, the company’s vice president for sales. “I think the dollar has hurt us in Canada and Mexico.”