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That press you mentioned in an interesting example of the globalization of machine tools. Commissioned by an American company and made in Italy by a Hong Kong C
by sct202 3y ago
That press you mentioned in an interesting example of the globalization of machine tools. Commissioned by an American company and made in Italy by a Hong Kong Chinese owned company, which now makes them in China.
- Joel_Mckay 3y agoThere is no longer enough domestic infrastructure to fabricate complex equipment within a competitive budget.
- jwagenet 3y agoIt seems like domestic manufacturers weren’t able to compete on price or quality in the decades preceding the collapse of the industry either.
- Joel_Mckay 3y agoHard to say really... if foreign labor is subsidized under communist strategic policy, than it is more of a loss-leader rather than rational competition. Value blindness is often accepted in consumer markets, but can prove fatal in industrial or aerospace products. Hence the rules silly people try to work around to make more money. =)