HDNG is unique in the machine tools industry because the company is based in Europe. Due to the declining dollar, HDNG has seen decreased sales in the U.S., because U.S. consumers would rather buy cheaper alternatives than a more expensive European product. In June 2008, HDNG acquired a multi-currency credit facility, with the help of JP Morgan Chase, to easily exchange currencies. HDNG has seen increased sales outside of North America, particularly in Germany and China, which has further soothed the damage of the declining dollar. Like all machine tools & accessories companies, HDNG has been affected by rising raw materials prices, particularly steel prices. From March 2006 to March 2008, the average price of scrap metal increased from $212.50/tonne to $500/tonne,  causing operating margins to decrease from 7.07% to 6.42% from 2006 to 2007.
<autowikidata/>(Read more at Wikinvest )