Swiss paper industry could suffer severely from strong Swiss franc

摘要

The strong Swiss currency burdens the profitability of, and puts strong pressure on, Switzerland's export sector because Swiss goods have become far more expensive abroad, credit insurer Euler Hermes, an Allianz subsidiary, explained. At the same time currency-related pressure to innovate and become more efficient will create excellent opportunities in international competition in the long run, expects Euler Hermes. The removal of the CHF:EUR cap hits industries with small margins particularly hard, while it benefits importers and private households, reports the company.