Results 1 to 5 of 5
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
12-04-2016, 08:59 PM #1
Chinese manufacturers are setting up shop in the U.S.
Chinese manufacturers are setting up shop in the U.S.
by Parija Kavilanz @CNNTech November 30, 2016: 12:21 PM ETMore manufacturing jobs are coming soon to America, courtesy of China.
In October, Chinese garment manufacturer Tianyuan Garments Co. sealed a deal to acquire a defunct 100,000-square foot metal fabrications plant in Little Rock, Arkansas.
The $20 million investment would make Tianyuan -- which produces clothes for brands like Adidas, Reebok and Armani -- the first Chinese manufacturer to make clothing in the U.S.
The Chinese firm expects to hire 400 American workers to run the refurbished factory, slated to open in late 2017.
Tianyuan Garment is the second Chinese company in a span of six months to announce it was expanding production to the U.S.
Related: America's abandoned factories in hot demand
In April, Chinese paper products maker Sun Paper Industry said it was opening its first North America factory in South Arkansas, investing more than $1 billion to construct a new bio-products mill that would create 250 local jobs.
Tianyuan Garment will convert this dead plant in Little Rock, Arkansas into a garment factory with plans to hire 400 workers.While the offshoring of American manufacturing to Asia was once popular, now an inverse trend seems to be gaining traction, as foreign producers become eager to break ground in the U.S.
Some of the same factors that pushed American firms overseas decades ago is driving the new movement, thanks to high costs of labor, resources, energy and transportation in China.
"Foreign companies are eager to cut their costs by being closer to their customers," said Mike Preston, executive director with the Arkansas Economic Development Commission. "It's why they're coming to America."
Bluewater Defense, which employs 500 people, makes combat clothing for the U.S. military.Tianyuan operates five factories in China, but it sees its biggest market as North America.
"It's cheaper for them to be here," said Preston.
Arkansas makes sense for a few logistical reasons, he added.
"We're midway between Canada and Mexico and a one-day's truck drive to 60% of the U.S. population," said Preston.
Arkansas' status as a cotton producing state is especially attractive to textile and clothing manufacturers.
The state is actively wooing foreign manufacturers through an incentive package. In return for its investment, Tianyuan receives a $1 million infrastructure grant, $500,000 for training assistance and a 3.9% annual tax rebate, which comes to about $1.6 million annually.
"When you add more jobs, there's a multiplier effect in a place like Little Rock," said Preston. "Having a new clothing manufacturers here will affect everyone, from the cotton farmer 40 miles out to the trucking and shipping companies moving the products out to customers."
Related: This robot makes a T-shirt from start to finish
A similar story is playing out in North Carolina.
"We know how to make things here," said John E. Skvarla, III, Commerce Secretary for North Carolina.
The state, which is known for its textile and furniture production, is seeing robust interest from both domestic and foreign manufacturers.
"The three states I get the most calls from are California, New York and Illinois," he said. "One manufacturer with 1,000 workers pleaded to get into North Carolina because of our favorable regulations, low taxes and great quality of life."
Bluewater DefenseForeign firms are keen on the state for the same reasons as Arkansas.
"[We] can't do away with regulations but you can help companies better navigate them and make them less burdensome," said Skvarla. "We try to do that and we've brought down our business tax rate from 6.9% to 3%, the lowest in the U.S."
Skvarla isn't worried about American companies having to compete with foreign firms on their own home turf. "Economic growth doesn't hurt -- ever," he said.
Related: Businesses live to be 100 in Iowa
But others aren't quite so confident.
Eric Spackey -- CEO of Bluewater Defense, a manufacturer of U.S. military combat clothing -- wants to open a facility in North Carolina. The firm currently has a facility in Puerto Rico with 523 workers.
But the incoming tide of foreign manufacturers raises concerns for Spackey.
"Foreign companies have significant financial resources and investment capital to set up a new factory here, and they're getting great incentives," he said.
His fear is that American companies trying to keep operations running in the U.S. lack the capital and government support to compete for that expansion opportunity at home.
"It puts us at a significant disadvantage," Spackey said. "We're now not only competing for the same business, we're now competing for resources, like workers."
http://money.cnn.com/2016/11/30/tech...page_tech_pool
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
12-04-2016, 09:02 PM #2NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
12-04-2016, 09:09 PM #3
Oh my God, more "crony capitalism", "picking winners and losers", "taking advantage of taxpayers" creating JOBS FOR AMERICANS.
Sarah Palin must be FURIOUS!!
The Golden Triangle of Mississippi was on 60 Minutes tonight showing off all its "crony capitalism", "picking winners and losers", "taking advantage of taxpayers" creating JOBS FOR AMERICANS!!
A word to those who use these terms against Trump or anyone else saving or creating JOBS FOR AMERICANS, it's time to jump on the Trump Train and get your mind right about what's got to be done to rebuild the manufacturing sector of the US economy, because manufacturing is the foundation of the US economy upon which every other sector, job, dime and dollar depends and feeds.Last edited by Judy; 12-04-2016 at 09:13 PM.
A Nation Without Borders Is Not A Nation - Ronald Reagan
Save America, Deport Congress! - Judy
Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
-
12-04-2016, 09:14 PM #4NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
12-04-2016, 09:15 PM #5NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Similar Threads
-
Satan Is Setting Up Shop In the Halls of Congress - Illegal Immigration Smoke Screen
By AirborneSapper7 in forum General DiscussionReplies: 1Last Post: 05-31-2013, 06:11 PM -
Some Mexican Merchants Setting Up Shop on Other Side of Border
By JohnDoe2 in forum illegal immigration News Stories & ReportsReplies: 0Last Post: 01-31-2012, 01:13 AM -
Solar Manufacturers Slowly Closing Up Shop In U.S.
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 1Last Post: 08-24-2011, 12:53 AM -
Mexican cartels setting up shop across U.S.
By JohnDoe2 in forum illegal immigration News Stories & ReportsReplies: 2Last Post: 04-18-2011, 12:55 AM -
New deal for manufacturers, Pat Buchanon
By CCUSA in forum News & Releases from Other GroupsReplies: 3Last Post: 10-01-2006, 02:51 PM
We must push through early Thurs at this critical moment
04-24-2024, 10:44 PM in illegal immigration Announcements