Manufacturing Magazine October 2015 | Page 10

LEADERSHIP
Technology is a priority for manufacturers
and equipment manufacturers from Siemens Financial Services ( SFS ), over three quarters of respondents have seen increased customer demand for using asset finance to acquire manufacturing equipment in the last two years . 93 percent believe global interest in asset finance will increase further in the next two years , with an annual growth rate of 5.1 percent expected in Europe , possibly the result of deferred investment demand being released . The growing popularity of asset finance is likely to be fuelled by budget pressures , with 72 percent of respondents reporting a “ squeeze ” on their customers ’ capital equipment budget in the last two years .
Working with specialist financiers , manufacturers can make essential equipment investments while maintaining financial flexibility . Often a financing arm of a technology company , such financiers bring with
10 O ctober 2015