Tag Archives: plastic

Business/Economics, International, Technology, U.S.

No Longer Made in the U.S.A.? Former Ohio company now owned by China

Hydraulic Press Manufacturing (HPM) was a 135 year old Ohio plastics company, but it went bust in 2009.

However, you can still buy products with the HPM brand, but it’s not a U.S. company anymore.

In 2011 a Chinese company called Guangdong Yizumi Precision Machinery, bought all the rights to HPM and all its products.   Production has been started in southern China.

The Chinese company says they’ve even hired former U.S. employees of HPM.  They are setting up shop in the United States and already have contracts in north America worth $3 million USD.

 

Business/Economics, International, U.S.

Kit Bashing & What Economic Recovery? United States to help Japan’s economy by dropping illegal tariffs, pay back Japan $26 million in illegal tariffs

“We have finally put these burdensome and potentially damaging trade disputes behind us.”-Ron Kirk, U.S. Trade Representative

For decades the U.S. has imposed high tariffs on imports (so much for free trade), claiming the tariffs were “anti-dumping” fines.   The problem is that some of the foreign products affected by those U.S. tariffs were actually cheaper in the country of origin (like plastic model kits from Japan, and some from Europe).

Even after the U.S. created World Trade Organization ruled against the U.S. (five years ago!), regarding the anti-dumping tariffs, the United States continued the unfair trade policy.

Now, in an effort to help Japan’s, and Europe’s, ailing economy, and because Japan was about to levy a similar tariff on U.S. products, the United States will end those tariffs.  The U.S. has also agreed to pay back $26 million in illegal tariffs collected on Japanese products.

The end of the anti-dumping duties also affects European countries.

Unfortunately for us model kit builders, the ending of the tariff might not help our wallets, as the Yen and Euro have gained in value against the U.S. dollar.  The Euro now worth more than the U.S. dollar, but, the Yen is still far cheaper so lets hope those prices come down on Tamiya, Fujimi, Hasegawa and coveted Fine Molds kits.

Business/Economics, International

Government Incompetence: Plastic Recycling actually destroying environment in China, government shut it down, now as many as 70,000 people in one city are unemployed

So much for saving the environment by recycling plastic bottles.  One city, Wen’an, serves as the plastic recycling center for Beijing.  The problem is that the process of recycling plastic was actually destroying the local environment.

The recycling is done by very small businesses, or even families, and their processes of recycling plastics has destroyed their air and water.  It got so bad the Chinese government shut down the whole city.

To make sure the locals didn’t restart their recycling operations, the Chinese government cut off electricity to most of the city.  Also, Chinese police patrol the roads leading to the city, to stop any vehicles that look like their carrying plastic to be recycled.

You can see more in the Chinadaily video report.