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Business perspectives: hilti group, liechtenstein.

The Hilti Group, headquartered in Liechtenstein, employs some 21 000 people and provides leading-edge technology and services to the global construction industry. The Group controls its international procurement operations and production facilities from Liechtenstein.

"Free trade agreements simplify customs clearance and shorten the processing times of goods consignments passing between contracting states. The results are administrative savings and reduced customs duties. For example, the Hilti Group consistently utilises the Pan-European accumulation of origin between the European Union, EFTA and Turkey in a manufacturing alliance with production plants and suppliers. With Europe still being the region that generates the largest shore of Hilti's sales, the benefits of FTAs in this region are correspondingly large. However, in light of the Hilti Group's global operations, the evolving portfolio of FTAs is being monitored continuously to assess the potential for savings measured against the administrative effort", says Roeland Baaijens, Executive Vice President Logistics of the Hilti Group.

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Title Annotation:The Leading Edge
Publication:EFTA Bulletin (Switzerland)
Article Type:Brief article
Date:Dec 1, 2013
Words:153
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