08/24/2004

New Wire Processing
Equipment Added

07/31/2004
LC&D's Six-Month
Sales through June
30th Increase 71%

06/30/2004
Keeping
Customers
Happy!

05/01/2004
Increases Insert
and Over-Molding Capacitying

12/18/2003
Execs suggest ways
to revitalize sagging
manufacturing sector

 



     
Press Room Press Releases December 18, 2003
 

Execs suggest ways to revitalize sagging
manufacturing sector

 

 

Complete Story

Press China to boost the value of its currency. Slap duties on Chinese imports. Cut costs for U.S. health insurance and taxes. Boost spending on U.S. education. Check labels and buy American.

South Florida executives offered a range of proposals to U.S. officials Wednesday in Fort Lauderdale to revitalize the manufacturing sector that has lost 37,000 jobs in South Florida and more than 2 million nationwide during the past decade, many since the 2001 recession.

Heated talks revolved largely around China, which has emerged as the No. 2 supplier to the United States and is forecast to sell $120 billion more in goods to the U.S. market than it buys this year.

U.S. Rep. Clay Shaw, R-Fort Lauderdale, blasted China for manipulating its currency to keep its value "artificially low" and make Chinese goods "overly competitive" in the U.S. market. He's sponsoring a bill that would investigate China's currency practices and penalize manipulation with new import duties on Chinese goods.

But Douglas Pearl, executive vice president of tool maker Uni- weld Products Inc. of Fort Lauderdale, called for more drastic action, complaining Chinese factories have copied and sell knockoffs of his patented products. With Chinese enforcement of trade laws weak, Pearl suggested issuing some kind of trade certificates that would require a balance in buying and selling goods between the two countries.

"We're exporting our wealth," Pearl said of the growing deficit with China. "We have to make it fair trade, not free trade."

Washington can aid at home, too, by helping producers cut outlays on insurance and taxes, said Jon Cooper, president of Lighting Components and Design Inc., a manufacturer in Deerfield Beach.

"I can deal with $7.50 an hour for labor in South Florida versus $1 an hour in China," Cooper said. "But I can't put $18-$20 an hour on top of that because of health insurance, worker's comp and tax rates."

A top Commerce Department official, Joseph V. Schwan, said the administration is addressing the problems partly by increasing assistance for U.S. exporters, cracking down on unfair trade practices worldwide and creating an undersecretary of commerce for manufacturing to boost manufacturing's profile.

But Boynton Beach-based business consultant Jack Green of The Arrow House Group Inc. challenged manufacturers to think creatively to compete, not to rely on old technologies or products.

"You may have to change the game, not the rules," Green said, urging innovation.

Consumers also can help boost manufacturing by checking labels and choosing products made in the United States, said Brian Javeline of computer networking company Accelerated Computer Technologies Inc. of Pompano Beach.

"Buy American. Start taking some responsibility," said Javeline, pointing to a parking lot filled mainly with foreign cars next to his U.S.-made Jeep. "You are part of the problem."

Story Information

The following was wrote by Doreen Hemlock, a business writer for Sun-Sentinel Co. She can be reached at dhemlock@sun-sentinel.com or 305-810-5009.

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