Wednesday 13 December 2017

'Hard Brexit' now worst nightmare for top exporter

Combilift founder Martin McVicar
Combilift founder Martin McVicar Newsdesk Newsdesk

The firm which won Ireland's exporter of the year title admitted Brexit concerns have mounted over the past week.

Combilift founder Martin McVicar said that while his Monaghan-based forklift firm tried to take a medium-long term view over Sterling-Euro currency fluctuations, his firm had become increasingly concerned by indications that London would now seek "a hard Brexit" from the EU.

This has led to fears tariffs could return for UK-exported goods. Combilift exports to mainland Europe through the UK - and anything that hits the free movement of goods around Europe is something of concern for all Irish exporters, according to Mr McVicar.

"Anything that introduces tariffs and duties, creates red-tape and bureaucracy, adds costs or causes delays for our goods to reach customers and markets is a matter of concern," he said.

Combilift ranks as one of Ireland's most successful indigenous companies.

Founded in 1998, it is in the middle of an ambitious €40m expansion plan including the construction of a greenfield plant to be commissioned in 2017. The firm currently employs 400 staff and expects to add a further 100 over the next two years.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business