Cafiesa president believes that subsidy removal will not affect the industry

Image: Expreso

Jose Carvajal, president of the Cafiesa company said that there will not be a great affectation for industries by the withdrawal of fuel subsidy, if the electricity is cheaper.

“That is cyclical, large companies accumulate the product while prices fall and then go up, as with oil. The important thing is to have a vision and take advantage of the boom to invest and withstand the crisis. Do not be scared.” Stated Carvajal on the low price of raw materials.

He mentioned that the impact will be 5%, “is the difference between what we pay and we will pay.”
“We hope that electricity becomes cheaper as promised, then the productive sector changes the use of fossil fuel for electricity. If so, there is no affectation, but for this kilowatt hour must cost $ 0.04 instead of $0.11.”

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8595741&idcat=38229&tipo=2