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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#41
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Starrett and Global Series
That is our government at work. The government lost, Starrett lost. The only ones who came out of it happy were - can't you guess? - the lawyers. Wonderful, no? That's the risk any company takes, foreign or domestic, when it bids on US Government contracts (and I'm assuming the coordinate MM was for a government contract.) The contract language for government bids is typically very disadvantageous for the vendor (unless your Halliburton.) Sell at your own risk when dealing with G'ment bids, otherwise keep your sales in the private sector. |
#42
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Starrett and Global Series
On Sun, 16 Sep 2007 12:23:20 -0500, Louis Ohland
wrote: snip Please furnish the public domain information that you use to label this business as having cooked books. snip Simple Patriot Act logic. If they did not have something to hide, they wouldn't be moving off shore to keep them closed. Unka' George [George McDuffee] ============ Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson (1743-1826), U.S. president. Letter, 17 March 1814. |
#43
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Starrett and Global Series
F. George McDuffee wrote:
On Sun, 16 Sep 2007 12:23:20 -0500, Louis Ohland wrote: snip Please furnish the public domain information that you use to label this business as having cooked books. snip Simple Patriot Act logic. If they did not have something to hide, they wouldn't be moving off shore to keep them closed. Never you mind about the complex tax code. If someone refuses to operate under a rigged system like the US tax code, they MUST be up to no good. |
#44
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Starrett and Global Series
On Sep 17, 8:17 pm, "Tony" wrote:
That is our government at work. The government lost, Starrett lost. The only ones who came out of it happy were - can't you guess? - the lawyers. Wonderful, no? That's the risk any company takes, foreign or domestic, when it bids on US Government contracts (and I'm assuming the coordinate MM was for a government contract.) The contract language for government bids is typically very disadvantageous for the vendor (unless your Halliburton.) Sell at your own risk when dealing with G'ment bids, otherwise keep your sales in the private sector. Bad assumption. |
#45
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Starrett and Global Series
In article , "Tony" wrote:
*Any* tax is obviously an additional cost of doing business. Sorry you're having such a hard time figuring that out. Capital gains tax has no effect, and you can't provide any examples of how it would to support your original statement. All of your responses just run off on tangents. You mean that if a company pays capital gains tax, it does *not* affect their cost of doing business? ROTFLMAO! Back to Economics 101 for you. -- Regards, Doug Miller (alphageek at milmac dot com) It's time to throw all their damned tea in the harbor again. |
#46
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Starrett and Global Series
Dear H&R Blockhead,
I think it would be safe to say Starrett hasn't paid a dime in Capital gains tax. And again, you can't provide one specific instance where cap gains affects manufacturing. You mean that if a company pays capital gains tax, it does *not* affect their cost of doing business? ROTFLMAO! |
#47
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Starrett and Global Series
How is it a bad assumption? The lawsuit against Starrett resulted from a
claim under the False Claims act. Apparently Starrett was a federal contractor, or subcontractor. The False Claims Act (31 U.S.C. § 3729 et seq., also called the "Lincoln Law") is an American federal law which allows people, whether affiliated with the government or not, to file actions against federal contractors claiming fraud against the government. The act of filing such actions is informally called "whistleblowing". Persons filing under the Act stand to receive a portion (usually about 15-25 percent) of any recovered damages. The Act provides a legal tool to counteract fraudulent billings turned in to the Federal Government. Claims under the law have been filed by persons with insider knowledge of false claims which have typically involved health care, military, or other government spending programs. And this article gives further details: http://www.telegram.com/static/starr...v3whistle.html "John Martin" wrote in message oups.com... On Sep 17, 8:17 pm, "Tony" wrote: That is our government at work. The government lost, Starrett lost. The only ones who came out of it happy were - can't you guess? - the lawyers. Wonderful, no? That's the risk any company takes, foreign or domestic, when it bids on US Government contracts (and I'm assuming the coordinate MM was for a government contract.) The contract language for government bids is typically very disadvantageous for the vendor (unless your Halliburton.) Sell at your own risk when dealing with G'ment bids, otherwise keep your sales in the private sector. Bad assumption. |
#48
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Starrett and Global Series
http://www.secinfo.com/d2rF3.11e.d.htm
THE L.S. STARRETT COMPANY 121 Crescent Street Athol, Massachusetts 01331 FOR IMMEDIATE RELEASE The Company notes that the Government itself, notwithstanding two years of investigation, only intervened in this action for the purposes of settlement. In addition, the United States Attorney for the District of Massachusetts in early August informed the Company in writing that based on the facts known to the Office of the United States Attorney, the United States Attorney's Office does not intend to seek criminal charges against the Company or its CMM Division in connection with allegations arising out of, or relating to, the manufacture, sale or service of CMMs. So where does it show that Starrett committed a crime? Tony wrote: How is it a bad assumption? The lawsuit against Starrett resulted from a claim under the False Claims act. Apparently Starrett was a federal contractor, or subcontractor. The False Claims Act (31 U.S.C. § 3729 et seq., also called the "Lincoln Law") is an American federal law which allows people, whether affiliated with the government or not, to file actions against federal contractors claiming fraud against the government. The act of filing such actions is informally called "whistleblowing". Persons filing under the Act stand to receive a portion (usually about 15-25 percent) of any recovered damages. The Act provides a legal tool to counteract fraudulent billings turned in to the Federal Government. Claims under the law have been filed by persons with insider knowledge of false claims which have typically involved health care, military, or other government spending programs. And this article gives further details: http://www.telegram.com/static/starr...v3whistle.html "John Martin" wrote in message oups.com... On Sep 17, 8:17 pm, "Tony" wrote: That is our government at work. The government lost, Starrett lost. The only ones who came out of it happy were - can't you guess? - the lawyers. Wonderful, no? That's the risk any company takes, foreign or domestic, when it bids on US Government contracts (and I'm assuming the coordinate MM was for a government contract.) The contract language for government bids is typically very disadvantageous for the vendor (unless your Halliburton.) Sell at your own risk when dealing with G'ment bids, otherwise keep your sales in the private sector. Bad assumption. |
#49
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Starrett and Global Series
Dear Moron:
The point is that *any* tax is a cost of doing business. In article , "Tony" wrote: Dear H&R Blockhead, I think it would be safe to say Starrett hasn't paid a dime in Capital gains tax. And again, you can't provide one specific instance where cap gains affects manufacturing. You mean that if a company pays capital gains tax, it does *not* affect their cost of doing business? ROTFLMAO! -- Regards, Doug Miller (alphageek at milmac dot com) It's time to throw all their damned tea in the harbor again. |
#50
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Starrett and Global Series
Not if a company doesn't have to pay it.
"Doug Miller" wrote in message t... Dear Moron: The point is that *any* tax is a cost of doing business. In article , "Tony" wrote: Dear H&R Blockhead, I think it would be safe to say Starrett hasn't paid a dime in Capital gains tax. And again, you can't provide one specific instance where cap gains affects manufacturing. You mean that if a company pays capital gains tax, it does *not* affect their cost of doing business? ROTFLMAO! -- Regards, Doug Miller (alphageek at milmac dot com) It's time to throw all their damned tea in the harbor again. |
#51
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Starrett and Global Series
I never saw anything where it was a crime, but that doesn't prevent the
G'ment from seeking a civil claim for damages. "Louis Ohland" wrote in message ... http://www.secinfo.com/d2rF3.11e.d.htm THE L.S. STARRETT COMPANY 121 Crescent Street Athol, Massachusetts 01331 FOR IMMEDIATE RELEASE The Company notes that the Government itself, notwithstanding two years of investigation, only intervened in this action for the purposes of settlement. In addition, the United States Attorney for the District of Massachusetts in early August informed the Company in writing that based on the facts known to the Office of the United States Attorney, the United States Attorney's Office does not intend to seek criminal charges against the Company or its CMM Division in connection with allegations arising out of, or relating to, the manufacture, sale or service of CMMs. So where does it show that Starrett committed a crime? Tony wrote: How is it a bad assumption? The lawsuit against Starrett resulted from a claim under the False Claims act. Apparently Starrett was a federal contractor, or subcontractor. The False Claims Act (31 U.S.C. § 3729 et seq., also called the "Lincoln Law") is an American federal law which allows people, whether affiliated with the government or not, to file actions against federal contractors claiming fraud against the government. The act of filing such actions is informally called "whistleblowing". Persons filing under the Act stand to receive a portion (usually about 15-25 percent) of any recovered damages. The Act provides a legal tool to counteract fraudulent billings turned in to the Federal Government. Claims under the law have been filed by persons with insider knowledge of false claims which have typically involved health care, military, or other government spending programs. And this article gives further details: http://www.telegram.com/static/starr...v3whistle.html "John Martin" wrote in message oups.com... On Sep 17, 8:17 pm, "Tony" wrote: That is our government at work. The government lost, Starrett lost. The only ones who came out of it happy were - can't you guess? - the lawyers. Wonderful, no? That's the risk any company takes, foreign or domestic, when it bids on US Government contracts (and I'm assuming the coordinate MM was for a government contract.) The contract language for government bids is typically very disadvantageous for the vendor (unless your Halliburton.) Sell at your own risk when dealing with G'ment bids, otherwise keep your sales in the private sector. Bad assumption. |
#52
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Starrett and Global Series
Mmm, couldn't owners of the CMMs in question sue Starrett for a
defective product if Starrett wouldn't do them right? I've seen a post where the writer said Starrett did work things out. Having said that, there doesn't seem to be a heckuva lot on the CMMs. Didn't Starrett dump their CMMs altogether? Tony wrote: I never saw anything where it was a crime, but that doesn't prevent the G'ment from seeking a civil claim for damages. "Louis Ohland" wrote in message ... http://www.secinfo.com/d2rF3.11e.d.htm THE L.S. STARRETT COMPANY 121 Crescent Street Athol, Massachusetts 01331 FOR IMMEDIATE RELEASE The Company notes that the Government itself, notwithstanding two years of investigation, only intervened in this action for the purposes of settlement. In addition, the United States Attorney for the District of Massachusetts in early August informed the Company in writing that based on the facts known to the Office of the United States Attorney, the United States Attorney's Office does not intend to seek criminal charges against the Company or its CMM Division in connection with allegations arising out of, or relating to, the manufacture, sale or service of CMMs. So where does it show that Starrett committed a crime? |
#53
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Starrett and Global Series
As this was involved with G'ment contract provisions, the "whistleblower"
law applied. The links I posted provide further details. I was at the Grumman auction on Bethpage Long Island a few years ago, they were auctioning off the equipment used in F14 production. (an interesting visit, and sad to see at the same time.) Well I do remember the large Mitutoyo CMM, didn't see any Starrett CMM there. "Louis Ohland" wrote in message ... Mmm, couldn't owners of the CMMs in question sue Starrett for a defective product if Starrett wouldn't do them right? I've seen a post where the writer said Starrett did work things out. Having said that, there doesn't seem to be a heckuva lot on the CMMs. Didn't Starrett dump their CMMs altogether? Tony wrote: I never saw anything where it was a crime, but that doesn't prevent the G'ment from seeking a civil claim for damages. "Louis Ohland" wrote in message ... http://www.secinfo.com/d2rF3.11e.d.htm THE L.S. STARRETT COMPANY 121 Crescent Street Athol, Massachusetts 01331 FOR IMMEDIATE RELEASE The Company notes that the Government itself, notwithstanding two years of investigation, only intervened in this action for the purposes of settlement. In addition, the United States Attorney for the District of Massachusetts in early August informed the Company in writing that based on the facts known to the Office of the United States Attorney, the United States Attorney's Office does not intend to seek criminal charges against the Company or its CMM Division in connection with allegations arising out of, or relating to, the manufacture, sale or service of CMMs. So where does it show that Starrett committed a crime? |
#54
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Starrett and Global Series
"Tony" wrote in message ... Not if a company doesn't have to pay it. "Companies" never pay taxes. Consumers of their products or services do. Any cost of doing business is factored in the price of their end product. Harold |
#55
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Starrett and Global Series
On Thu, 13 Sep 2007 12:00:13 -0500, Louis Ohland wrote: http://www.starrett.com/pages/441_st...lobal_s eries "Starrett Global Series While the Starrett brand is synonymous with “American Made”, we have manufactured products worldwide for nearly 50 years. These products are available in the U.S.A. and identified as “Global Series”. Regardless of country of origin, the Starrett brand remains your assurance of unmatched precision, quality and value." Mmm. I have nothing against Starrett or anyone else making tools in a foreign market to service that market. But the idea of Foreign made tools coming back to the US makes me pause. If they are Starrett quality, then the folks with the Wal-Mart philosophy of cheaper = better will be pleased. But I think that it's a sign that US business is being held back by government. Think for a moment - a US plant, US technology, that is local to the market (aka no transpacific shipping) has to import tools made in a third country to compete in the market. My Starrett 0-1" micrometer manufactured around 30 years ago is still as good as the day it was made, apart from a (free) repair to the spindle lock around 25 years ago it's travelled just 100 miles south of its place of manufacture..... Scotland, some 3000 miles east of the USA -- |
#56
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Starrett and Global Series
Mike wrote:
On Thu, 13 Sep 2007 12:00:13 -0500, Louis Ohland wrote: http://www.starrett.com/pages/441_st...lobal_s eries "Starrett Global Series While the Starrett brand is synonymous with “American Made”, we have manufactured products worldwide for nearly 50 years. These products are available in the U.S.A. and identified as “Global Series”. Regardless of country of origin, the Starrett brand remains your assurance of unmatched precision, quality and value." Mmm. I have nothing against Starrett or anyone else making tools in a foreign market to service that market. But the idea of Foreign made tools coming back to the US makes me pause. If they are Starrett quality, then the folks with the Wal-Mart philosophy of cheaper = better will be pleased. But I think that it's a sign that US business is being held back by government. Think for a moment - a US plant, US technology, that is local to the market (aka no transpacific shipping) has to import tools made in a third country to compete in the market. My Starrett 0-1" micrometer manufactured around 30 years ago is still as good as the day it was made, apart from a (free) repair to the spindle lock around 25 years ago it's travelled just 100 miles south of its place of manufacture..... Scotland, some 3000 miles east of the USA I was talking to a Canadian this week, and he told me that china wants 70% of a product sold in china to have chinese content. If a product is less than 70% chinese, then tariffs are slapped on it. As I said, Starrett tools made for the chinese market are fine, but when those chinese Starretts come back here, I have issues with that. This fantasy of the huge chinese market still draws moths to the flame. Could someone be so kind as to point out how non-chinese manufacturers in china are profiting? |
#57
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Starrett and Global Series
On Sep 14, 4:25 am, Wes wrote:
Louis Ohland wrote: Mmm. I have nothing against Starrett or anyone else making tools in a foreign market to service that market. But the idea of Foreign made tools coming back to the US makes me pause. If they are Starrett quality, then the folks with the Wal-Mart philosophy of cheaper = better will be pleased. I don't see your problem. Starrett is clearly indicating that the Global line of products are not USA made. I am fairly confident that Starrett does not want to devalue their reputation on US made tools which is something that they have worked hard and long to achieve. They figure that a lot of HSM types or guys starting out are likely to trust an offshore product that Starrett has a connection with. They are just trying to grab some sales that they are currently loosing out on. Wes With the Slide of the US dollar you have no idea how much more appealing shopping direct in USD looks and how much more Affordable midrange american tools have become to the rest of the world. If i'm making a MAJOR purchase right now i'd be nuts to do so in canada. The US dollar being on the slide it is has basically added 25% to the bottom line of a US manufacturer exporting tools. Foreign customers can afford to buy more of the US made tools compared to any given country. I try whenever possible and reasonable to buy "G7 Made" or at least EU member made tools and equipment so that my purchases are done in nations where quality control and employee conditions are not negotiable. there are products in my toolbox made in china and india ESPECIALLY portable power tools it seems. I cannot even find the top of the line tools that are not made in china now. but whenever reasonable i would RATHER buy from an industrialized nation MADE IN THE USA midrange tooling and measuring have now entered my budget when i Import it myself (A la Enco, MSC) I hope American Manufacturing has NOT been decimated to the point where it cannot profit from the weak dollar. |
#58
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Starrett and Global Series
On Sat, 22 Sep 2007 12:17:26 -0700, Brent
wrote: snip I hope American Manufacturing has NOT been decimated to the point where it cannot profit from the weak dollar. snip And with this observation you lay bare the entire fallacy about trade adjustment. In many cases manufacturing is as much mind-set and attitude as it is materials and machines, and the people with the required mind-set and attitudes have long been dispersed. In the US the equipment/tools/tooling was sold for scrap and the facilities were sold for redevelopment as yuppie condos. The workers, including the lead men and foremen, with the required skills and knowledge to actually get parts out the door have long since gotten other jobs, and are not about to trust the suits again. The infrastructure of second & third tier suppliers, and support such as the local mill & metal supply houses no longer exists. Even more critical, the industrial environment has been poisoned, so that the new younger desirable employees with drive, ambition, smarts, etc. will take industrial employment only as a temporary and last resort. Much of this is based on their first hand observation as they saw parents and relatives discarded by their employers after 10 -- 20 or more years, and the advise and counsel of the older generation who took it in the shorts. Where new manufacturing has been successfully established in America, it has not generally been American firms, but Japanese, Korean, and German firms, leading to my observation that the Korean, Japanese, and German companies/executives are more ethical [or at least perceived as more ethical] than their American counterparts. This has ominous implications. When a national company does well, the profits are reinvested or go to the owners/stock holders. If this is an American company, the profits are reinvested in America and American stockholders rewarded. If it is a Korean, etc. company, the profits are reinvested in Korea and the Korean stockholders are rewarded. In the case of transnational corporations, the profits simply vanish, no taxes are paid, and no investments are made, thus while temporary economic activity may be generated in the host country, no permanent improvement results, and the transnational will ship the manufacturing operations out to an even lower wage area as soon as the opportunity arises. Welcome to the new flat world. for explication of this statement click on http://en.wikipedia.org/wiki/The_World_is_Flat http://www.thomaslfriedman.com/worldisflat.htm http://www.amazon.com/World-Flat-Upd.../dp/0374292795 Unka' George [George McDuffee] ============ Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson (1743-1826), U.S. president. Letter, 17 March 1814. |
#59
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Starrett and Global Series
On Sat, 22 Sep 2007 10:58:06 -0500, Louis Ohland
wrote: This fantasy of the huge chinese market still draws moths to the flame. Could someone be so kind as to point out how non-chinese manufacturers in china are profiting? ============ You need to define your terms. Some non-chinese manufacturing companies could be [and probably are] taking it in the shorts, but the owners and executives of these same companies are getting rich. In the short term, establishment of manufacturing facilities for high labor content commodity items is a gold mine for the owners/operators, second only the the profit potential of the star trek replicator technology, and as Keynes observed "in the long run we are all dead anyhow." Unka' George [George McDuffee] ============ Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson (1743-1826), U.S. president. Letter, 17 March 1814. |
#60
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Starrett and Global Series
F. George McDuffee wrote:
On Sat, 22 Sep 2007 10:58:06 -0500, Louis Ohland wrote: This fantasy of the huge chinese market still draws moths to the flame. Could someone be so kind as to point out how non-chinese manufacturers in china are profiting? ============ You need to define your terms. Some non-chinese manufacturing companies could be [and probably are] taking it in the shorts, but the owners and executives of these same companies are getting rich. In the short term, establishment of manufacturing facilities for high labor content commodity items is a gold mine for the owners/operators, second only the the profit potential of the star trek replicator technology, and as Keynes observed "in the long run we are all dead anyhow." Please give us some of the crumbs of knowledge that fall off your feast table, where owners and executives are raking it in. I don't deal in emotions, but (hopefully) facts. Traders have been waiting for centuries for the big chinese market to make them rich. Other than the opium wars, I just don't see foreign trade in china as being all that profitable. I do NOT subscribe to the idea that companies are agents of social change, but are dedicated to earning a return on the capital invested in them. |
#61
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Starrett and Global Series
On Sat, 22 Sep 2007 18:32:32 -0500, Louis Ohland
wrote: F. George McDuffee wrote: On Sat, 22 Sep 2007 10:58:06 -0500, Louis Ohland wrote: This fantasy of the huge chinese market still draws moths to the flame. Could someone be so kind as to point out how non-chinese manufacturers in china are profiting? ============ You need to define your terms. Some non-chinese manufacturing companies could be [and probably are] taking it in the shorts, but the owners and executives of these same companies are getting rich. In the short term, establishment of manufacturing facilities for high labor content commodity items is a gold mine for the owners/operators, second only the the profit potential of the star trek replicator technology, and as Keynes observed "in the long run we are all dead anyhow." Please give us some of the crumbs of knowledge that fall off your feast table, where owners and executives are raking it in. I don't deal in emotions, but (hopefully) facts. Traders have been waiting for centuries for the big chinese market to make them rich. Other than the opium wars, I just don't see foreign trade in china as being all that profitable. I do NOT subscribe to the idea that companies are agents of social change, but are dedicated to earning a return on the capital invested in them. ============= General Motors for one see http://www.washingtonpost.com/wp-dyn...010800178.html Rolls Royce [now a german company] http://www.businessweek.com/globalbi...214_778537.htm Swiss watches http://www.europastar.com/europastar..._id=1002727893 Scotch whisky http://news.bbc.co.uk/2/hi/uk_news/scotland/3954813.stm cnc machine tools http://www.allbusiness.com/manufactu...4503999-1.html robots http://www.fanuc.co.jp/en/ir/goal.html Unka' George [George McDuffee] ============ Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson (1743-1826), U.S. president. Letter, 17 March 1814. |
#62
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Starrett and Global Series
General Motors for one see http://www.washingtonpost.com/wp-dyn...010800178.html General Motors Corp. plans to invest $3 billion in China in 2004-07 in hopes it will drive a revival for the company, which is cutting production and closing factories in its home North American market. Rolls Royce [now a german company] http://www.businessweek.com/globalbi...214_778537.htm OK, but the leader of North Korea has, what, 60 some luxury cars? Where the well to do can buy any damn thing, whatever the price, its no wonder. Swiss watches http://www.europastar.com/europastar..._id=1002727893 Hmm, Rolex sells watches to the Chinese. Scotch whisky http://news.bbc.co.uk/2/hi/uk_news/scotland/3954813.stm Another shared taste with the North Korean leader? cnc machine tools http://www.allbusiness.com/manufactu...4503999-1.html The new company will have $1.12-million in capital, with equal ownership for the two parent companies. It will be located at Fair Friend's existing Chinese subsidiary, which is already turning out some 1,300 machine tools annually. By comparison, the 20-employee joint venture is slated to assemble 120 NC lathes annually, using Takamatsu's technology and spindles and other key parts that Takematsu will supply from Japan. First-year sales are projected at $7-million. Meanwhile, Okuma Corp. (Oguchi, Aichi Prefecture, Japan) expects its sales to users in China would total $55-million in the current fiscal year which ends in March. In three years, the volume could reach the magic number of 10-billion yen ($91-million). The figures include low-end vertical-spindle machining centers and lathe sold by Okuma Machinery (Shanghai) Co., founded in 2001. Its products are assembled by BYJC-Okuma (Beijing) Machine Tool Co., a 2002 joint venture between Okuma and Beijing No. 1 Machine Tool Plant (BYJC). robots http://www.fanuc.co.jp/en/ir/goal.html Other than luxury goods for the well to do, it seems china will build a lot of the machinery it needs in china. So other than Rolexes, scotch, and Rolls Royce cars, where is this incomparably huge market of 1 billion people? |
#63
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Starrett and Global Series
On Sat, 22 Sep 2007 20:38:10 -0500, Louis Ohland
wrote: General Motors for one see http://www.washingtonpost.com/wp-dyn...010800178.html General Motors Corp. plans to invest $3 billion in China in 2004-07 in hopes it will drive a revival for the company, which is cutting production and closing factories in its home North American market. Rolls Royce [now a german company] http://www.businessweek.com/globalbi...214_778537.htm OK, but the leader of North Korea has, what, 60 some luxury cars? Where the well to do can buy any damn thing, whatever the price, its no wonder. Swiss watches http://www.europastar.com/europastar..._id=1002727893 Hmm, Rolex sells watches to the Chinese. Scotch whisky http://news.bbc.co.uk/2/hi/uk_news/scotland/3954813.stm Another shared taste with the North Korean leader? cnc machine tools http://www.allbusiness.com/manufactu...4503999-1.html The new company will have $1.12-million in capital, with equal ownership for the two parent companies. It will be located at Fair Friend's existing Chinese subsidiary, which is already turning out some 1,300 machine tools annually. By comparison, the 20-employee joint venture is slated to assemble 120 NC lathes annually, using Takamatsu's technology and spindles and other key parts that Takematsu will supply from Japan. First-year sales are projected at $7-million. Meanwhile, Okuma Corp. (Oguchi, Aichi Prefecture, Japan) expects its sales to users in China would total $55-million in the current fiscal year which ends in March. In three years, the volume could reach the magic number of 10-billion yen ($91-million). The figures include low-end vertical-spindle machining centers and lathe sold by Okuma Machinery (Shanghai) Co., founded in 2001. Its products are assembled by BYJC-Okuma (Beijing) Machine Tool Co., a 2002 joint venture between Okuma and Beijing No. 1 Machine Tool Plant (BYJC). robots http://www.fanuc.co.jp/en/ir/goal.html Other than luxury goods for the well to do, it seems china will build a lot of the machinery it needs in china. So other than Rolexes, scotch, and Rolls Royce cars, where is this incomparably huge market of 1 billion people? ========= I don't play "yes, but" Unka' George [George McDuffee] ============ Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson (1743-1826), U.S. president. Letter, 17 March 1814. |
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