Juan Carlos Carmigniani: “40 large companies have shut down”

Image: Expreso

100% of suppliers of machinery, especially for power generation of the Fercosa company are foreign. In recent months, it has given support to its customers (more time, debt restructuring and even accepting dation en paiement).

Fercosa explains that despite the economic situation of the country, it has managed to keep its customers, “because these are companies of the oil industry, mining, construction, shrimp, bananas and fishing, which require electric power generation. Oil and construction are suffering serious consequences for lack of the timely payment by the State -its main client- and safeguards.”

The difficulty, according to the company, is because many companies have had to take unexpected twists on their business by having to import the machinery they use to commercialize.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8856922&idcat=38269&tipo=2