Stadler may move production to Hungary - newspaper
Swiss rolling stock maker Stadler may move production in Switzerland to Hungary if the Swiss franc continues to appreciate in value, CEO Peter Spuhler said in an interview in the Aargauer Zeitung on Friday.
"If the euro continues to be weak, we will be forced to make trains that we really wanted to build in Switzerland at units in Poland or Hungary," Spuhler told the paper.
The strong franc makes rolling stock Stadler produces in Switzerland more expensive for foreign buyers.
About two-thirds of Stadler Rail's output in Switzerland is exported, Spuhler said.
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