MHEDA Edge Article explains US/China wire deck industry fight.
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Press Release Summary:
MHEDA Edge's April issue article titled "All Hands On Deck" focuses on legal battle between US and Chinese wire decking industries. Tension has risen over ways Chinese government has offered tax breaks and subsides to its manufacturers, enabling them to sell exported products at low prices, leading to influx of Chinese-manufactureed products into U.S. market. Details of legal battle and how it turned out can be found in current issue of online journal found on MHEDA website.
Original Press Release:
U.S. Wire Deck Industry Fights Back
MHEDA Edge chronicles legal battle against unfairly imported Chinese decking.
Dewitt, NY: As part of its continued effort to educate young material handling professionals on the latest goings-on in the industry, this month's issue of MHEDA Edge features an article entitled "All Hands On Deck." The article focuses on the legal battle between the U.S. and Chinese wire decking industries.
In recent years, The People's Republic of China has been the world's largest producer and exporter of steel. The country's economy is boosted by massive steel mills-some of which employ as many as 100,000 people who live in apartment towers on mill grounds. The Chinese produce the greatest amount of steel in the world, and at a much lower cost than anyone else. One of the driving forces behind this cost is the fact that instead of investing in efficient manufacturing technology, they use cheap labor. Where a U.S. steel mill might employ 500 people who earn $15.00/hour, a Chinese steel mill employs 5,000 at $0.25/hour.
In the last few years, the Chinese government decided it could make even more money if it stopped exporting raw steel to the rest of the world and instead made products from that steel and exported those products. To motivate its manufacturers to create these products, the government offered massive tax breaks and numerous subsides for those companies that complied. These breaks were so large that, even after factoring in shipping costs, the Chinese companies were able to sell exported products for an even lower price than they could offer domestically. This led to an influx of Chinese-manufactured steel products into the American market. For a while, material handling didn't feel the pinch, but by the late 1990s, signs of trouble started to show and the U.S. wire decking industry decided to do something about it.
To find out all the details of the legal battle-and how it turned out-head over to www.mhedaedge.org and check out the latest issue of the online magazine for young professionals in the forklift, storage and handling, conveyor and general material handling industries.
About MHEDA
Founded in 1954, the Material Handling Equipment Distributors Association (MHEDA) is the premier source for manufacturing knowledge, education and networking. Through its member journals (http://www.TheMhedaJournal.org), e-magazines, newsletters, and industry wiki (http://www.wikimheda.org), MHEDA connects the manufacturers of storage and handling, lift trucks and conveyor equipment and distribution leaders for the purpose of delivering optimal solutions to the users of those products. MHEDA publications are the industry's voice for all matters related to the latest technology and the most up-to-date processes spanning the movement and storage of all materials. A 501(c)3 organization, MHEDA members span all of North America.
