COLLIE is in for an challenging but exciting year with the recession in Europe and the United States creating uncertainty and caution in industry and retail, according to local leaders.
Perdaman Chemicals and Fertilisers legal tussle with Griffin Coal owners Lanco Infratech about coal supply, which could derail the planned urea plant, is a further destablishing element.
Collie Chamber of Commerce and Industry chief executive officer Richard Jackson said this week The new owners of Collie’s coal assets are likely to spend 2012 bedding down their purchases and developing their strategies for growth,.
“We think that it is unlikely for any major decisions to be made until the next federal election has been decided and some certainty gets back into the political arena.” H3e commented.
“At the moment the result of the Perdaman-Lanco dispute looks like residing with the courts.
“If that is so, then Perdaman seems likely to receive some sort of pay out and one wonders whether they will then continue with their project or walk away.
“We understand that there may be a political solution in the wings and if that happens the whole Shotts development could be saved.
Mr Jackson said the chamber expected another challenging year.
“The continuing uncertainty in Europe and the USA will discourage people from making buying decisions and encourage them to pay down debt,” he predicted.
“This, in the long-term, will be a good thing but will create short-term pain in the retail and residential property area.
“That being said, a buyers’ market already exists with plenty of bargains out there for those with cash and the willingness to spend it.
“Smart businesses will recognise the potential of the internet and improve their online sales and marketing capabilities. It is the way for regional businesses to compete with their biggest threat.
“The Chamber will be looking to facilitate training courses for those businesses who are interested.”
The Collie Chamber of Commerce would continue to grow and prosper, he said.
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