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Sectors Manufacturing

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Manufacturing

Parker Randall - GRANIT is an expert for tax and accounting consultancy and auditing services, including establishment of cost accounting systems, VAT-refund services and re-export services as well.

The companies hit direct or indirect by global economic crisis, rapid technological developments, insufficiency of working capital, and increasing competition in the markets. Decelining demand has caused reduce in capacy usage and production levels. Manufacturers are also under the pressure of increasing finance costs. Moreover, due to devaluation, cost of imported raw materials and semi-finished goods are increased in the sector. Demand from export markets is also declining due to global crisis and competition in the markets. a really hard times for manufacturing sector! However, towards the end of the global crisis we expect extra-ordinary number of M&A on the manufacturing companies with brands and accredition in the sector.

 

 

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