What the euro means for construction | Features

How are businesses reacting to the euro?
Client/supplier	Headquarters	Euro-position
Rover	Germany	Although it has adopted the euro since 1 January, Rover says it will use it to trade mainly with its vehicle component suppliers. Others suppliers – including construction firms – will change to euros by negotiation over the next two years
Otis	USA	A spokesman says that the UK arm of the lift manufacturer will continue to accept any currency that customers want to pay in. However, one UK contractor reports encouragement to pay in euros
Kone	Finland	The UK managing director of the lift supplier, Kevin Taylor, comments: “We don’t mind what currency we’re paid in, as long as we’re paid. It’s difficult for a supplier to tell its customers what to do.”
Bug-AluTechnik	Austria	The UK office of the cladding firm says that, in the UK, it would hope to be paid in euros in the future, but has not been informed of any immediate policy changes
Schüco	Germany	The cladder’s UK subsidiary hopes to switch over to euros later this year