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Trump's win pushed this manufacturer to return to the U.S. (Trans-Lux)
CNN Tech ^
| December 7, 2016
| Parija Kavilanz
Posted on 12/07/2016 12:44:57 PM PST by 2ndDivisionVet
Donald Trump's win in November was the final nudge for one manufacturer to move its production back home from China.
For over a year, New York-based Trans-Lux -- which makes LCD and LED displays -- has contemplated relocating its Chinese facilities to the U.S.
"It makes economic sense," said J.M. Allain, president & CEO of Trans-Lux, which also makes the huge digital screens that run the tickers at the New York Stock Exchange.
To cut costs, the company exported much of its production two decades ago to Shenzhen in southeast China, a manufacturing hub for electronics. But as China's economy developed, conducting business there has become increasingly expensive for foreign firms...
(Excerpt) Read more at money.cnn.com ...
TOPICS: Business/Economy; Computers/Internet; Politics
KEYWORDS: economy; electronics; manufacturing; trump; trumpwinsagain
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To: 2ndDivisionVet
This winning just keeps on coming. GO TRUMP GO
To: 2ndDivisionVet
The same people who made Speed Racer cartoons?
To: Parley Baer
The winning is killing me.
4
posted on
12/07/2016 12:46:52 PM PST
by
EQAndyBuzz
(Too. Much. Winning.)
To: 2ndDivisionVet
Remember “It will never work?”
5
posted on
12/07/2016 12:46:54 PM PST
by
stocksthatgoup
(Where's Hillary?)
To: Parley Baer
If all this continues it should become totally evident what regulations, high taxes, and bad global deals did to our country. Dems will ignore.
6
posted on
12/07/2016 12:47:35 PM PST
by
taterjay
To: Buckeye McFrog
7
posted on
12/07/2016 12:47:42 PM PST
by
2ndDivisionVet
(You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
To: Parley Baer
I wonder if the Chinese operations are finally beginning to show the problems that had been long swept under the rug in that corruption-beset system. It isn’t just Beijing getting clogged with smog and the Yangtze with toxic sewage. It’s sociological. The attitudes are wrong. The place is unfree.
8
posted on
12/07/2016 12:47:45 PM PST
by
HiTech RedNeck
(Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
To: Buckeye McFrog
Exactly my first though Spreittle...or is that Chim-Chim?
9
posted on
12/07/2016 12:58:08 PM PST
by
gr8eman
(Don't waste your energy trying to understand commies. Use it to defeat them!)
To: Buckeye McFrog
The same people who made Speed Racer cartoons?
I don't know about Speed Racer, but they did "Felix the Cat".
"Oh righty-O!"
10
posted on
12/07/2016 12:59:23 PM PST
by
Dr. Sivana
(There is no salvation in politics.)
To: 2ndDivisionVet
Big deal.
I have it on good authority from Ben Shapiro, Kevin Williamson, and a host of other cucks that actually building things in the United States is a failed, outmoded 19th century business model.
11
posted on
12/07/2016 1:00:19 PM PST
by
Yashcheritsiy
(Bring back lords and kings)
To: Yashcheritsiy
Yes, everyone should start a blog and get Google ads.
12
posted on
12/07/2016 1:01:21 PM PST
by
2ndDivisionVet
(You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
To: 2ndDivisionVet
Winning STAMPEDE!
13
posted on
12/07/2016 1:03:00 PM PST
by
BeauBo
To: 2ndDivisionVet
About ten years ago I attended a series of talks in Shanghai sponsored by my graduate school. The event tied in with a business trip I already had planned. I remember two specific things I learned which surprised me. One, China was already the single largest market for Mercedes Benz automobiles. And two, the very best net savings (or enhanced profit if they could charge the same price) an American manufacturer would have by moving their manufacturing to China was 25%. Maximum. Usually significantly less.
This was before Obama came into office and all his added regulatory, tax, and cost burdens may have increased that figure. But the bottom line is China is an increasingly expensive place to operate. Add in the costs of incessant corruption, poor quality control, long transport times, west coast port issues, etc. and even without the expected sea changes Trump is promising a lot of American businesses would be considering moving production back home or elsewhere offshore.
14
posted on
12/07/2016 1:12:36 PM PST
by
katana
To: katana
25% —So if Trump can save them let’s say 20% through deregulation and lower taxes we are talking about a massive shift back to the US if they take the bait.
15
posted on
12/07/2016 1:20:13 PM PST
by
GonzoII
("If the new crime be, to believe in God, let us all be criminals" -Sheen)
To: 2ndDivisionVet
There are many hidden costs when you have a supply chain stretched halfway around the world. Not to mention the barrier it presents in fact moving industries where innovation and responsiveness are important.
16
posted on
12/07/2016 1:30:13 PM PST
by
bigbob
(We have better coverage than Verizon - Can You Hear Us Now?)
To: katana
Some manufacturing industry publications were reporting a couple of years ago that production costs would be higher in coastal China than in South Carolina and Alabama by around 2020.
Believe it or not, the biggest problem these industries face here in the U.S. is access to a labor pool that supports their skilled labor needs.
17
posted on
12/07/2016 1:38:27 PM PST
by
Alberta's Child
("Yo, bartender -- Jobu needs a refill!")
To: bigbob
True, but keep in mind that Asia will have growing geographical advantages as more and more products are sold over there. Here's a great graphic that tells a very important story:
18
posted on
12/07/2016 1:40:55 PM PST
by
Alberta's Child
("Yo, bartender -- Jobu needs a refill!")
To: bigbob
19
posted on
12/07/2016 1:41:36 PM PST
by
publius911
(IMPEACH HIM NOW evil, stupid, insane ignorant or just clueless, doesn't matter!)
To: Yashcheritsiy
Big deal.
I have it on good authority from Ben Shapiro, Kevin Williamson, and a host of other cucks that actually building things in the United States is a failed, outmoded 19th century business model.
The First Law of Technology -
Talent must be proximate to manufacturing production.
20
posted on
12/07/2016 1:42:24 PM PST
by
rdcbn
("There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alt)
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