Originally Posted By: jcwit
And some of us have fought the good fight for years and years, only to watch things continue to go down hill.
http://www.usatoday.com/story/money/busi...-to-us/2070327/
Originally Posted By: USA Today
In 2011, British-based Rolls-Royce began making engine parts here in Virginia and shipping them to Europe and Asia to be assembled in jet engine factories. That same year, Siemens, a German company, started making power-plant turbines in Charlotte, N.C., most of which it's shipping to Saudi Arabia and Mexico.
Originally Posted By: USA Today
From 2007 through 2012, foreign investment in U.S. manufacturing totaled $493 billion
Originally Posted By: USA Today
Foreign manufacturers pay U.S. employees 14% more than the industry average, OFII figures show.
Originally Posted By: USA Today
Rolls-Royce decided to build a new factory in Virginia to make jet engine discs and ship them across the Atlantic rather than expand similar plants in the U.K.
Originally Posted By: USA Today
Boeing began making 787 Dreamliners in Charleston, S.C., in 2011 and Airbus is building its first U.S. assembly plant in Mobile, Ala.
Originally Posted By: USA Today
Rolls-Royce is planning two more factories on the Prince George County site.
Originally Posted By: USA Today
Rolls-Royce is working with local community colleges to establish a steady pipeline of manufacturing workers.
Originally Posted By: USA Today
Siemens began cranking out gas turbines at a plant in Charlotte and added 800 employees
Originally Posted By: USA Today
Europe's Airbus is building a $600 million assembly plant in Mobile, in part because North American airlines find the Made-in-the-USA label "particularly attractive," says Alan Allan McArtor, chairman of Airbus Americas.
Originally Posted By: USA Today
Politics are also at work for Airbus as it builds a $600 million facility that will open in 2015 and employ up to 1,000 workers to assemble the company's popular A-320 family of passenger airliners.
Originally Posted By: USA Today
BASF, which has invested about $5.7 billion in North America since 2009. It's building a plant in Geismar, La., that will convert natural gas to make formic acid, used in pharmaceuticals, leather and cleaning products.
Originally Posted By: USA Today
BASF Chief Financial Officer Fried-Walter Münstermann says the company will likely continue to locate plants in the U.S. because BASF customers that make finished products are also moving here to exploit cheap natural gas. Europe and other regions "with high energy prices are at a disadvantage," he says.
Originally Posted By: USA Today
Bridgestone, a Japanese tire maker, to choose Aiken, S.C., that year as the place to build new manufacturing capacity for tires sold in North America. The new and expanded plants in Aiken will cost $1.2 billion and employ 850 workers.
Originally Posted By: USA Today
Michelin recently expanded an Earthmover tire plant in Lexington, S.C., and is building a similar facility in Anderson, S.C., spending $750 million and adding 500 workers. About 80% of the 12-foot-tall industrial tires are exported.
Which would you rather do? Stamp cheap hand tools, or build jet engines? If we slammed the door on allowing US businesses to invest in other countries how likely is it that foreign governments would allow their local companies to invest in the US?
This door swings both ways. You can't be angry that the ratchet you purchased was made in China but be okay with the hundreds of millions of foreign dollars being invested in the US aerospace business.