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MN Exports StarTrib

Minnesota Exports Growing at a Slower Rate than Earlier in Year


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

Dec. 30, 2018 – 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.”