China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1327)	11/10/2003 5:49:24 PM
From: RealMuLan	Read Replies (1) of 6370

China pressures NW manufacturing niches Steve Wilhelm Intense competition from China has forced a Tacoma, Wash., manufacturer to close and sell its assets to a Portland competitor. On Oct. 31 Bob Shupe closed his Tacoma-based plastics thermoforming company Puget Sound Inline Inc. and sold the remaining assets to Indepak Inc., a former competitor based in Portland. Shupe, who will work for the Portland company that acquired his company, said Chinese competition was a major factor in his company's demise. His company was profitable until about three years ago, when he started noticing he was losing orders to Chinese competitors. The problem quickly worsened. "They just come here and cut the price in half. It's unbelievable the pricing they put out," he said. "I can't buy raw material for what they're quoting for finished products." Since 1994, Chinese exports to the United States have more than tripled, rising from $39 billion to an annualized $137 billion in the first seven months of this year, according to BusinessWeek. portland.bizjournals.com

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