Interview with Mr Joerg Schlageter

Whatever you do these days; talking to business partners, reading the newspaper, watching television, listening to the radio its juts all about the financial difficulties we are in. The impact on the textile machinery industry is unavoidable and already shows first signs. Since our valued customers receive less orders from their main customers located mainly in US and Europe it affects the industry. Having less income means for them they will postpone necessary investment with the result that apart from a decline in order-intake competition for the projects left will increase. That certainly is a very challenging situation for the whole industry. Cyclical ups and downs have always been there but the current one seems to be different.

Till now we have mastered the situation relatively well. The next half year could be a little bit bumpy. When the topic comes to singeing Osthoff Senge is certainly the market leader having a good portion of the market in many countries around the globe.

We always try to increase our market share even in countries where this share is relatively high. We regard this policy as a basic pillar of our business concept. This applies for countries like Turkey, Pakistan, China and India.