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Steve Myers
Site Admin
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Posted date: 2/9/2007
Yamaha Closing Plants, Shifting Production to Asia
By Michael Lyster
Orange County Business Journal Staff
Buena Park-based musical instruments maker Yamaha Corporation of America is closing plants in
Michigan
and Georgia and is shuttering a local unit.
The company, part of Japan’s Yamaha Corp., plans to cut 380 jobs and move production to Asia.
Yamaha plans to close its plants in
Grand Rapids, Michigan
, and Thomaston, Ga. It also is set to close its Yamaha Exporting Inc. unit in Buena Park.
All of the job cuts are coming in
Michigan
and Georgia. Five people from Yamaha Exporting are set to move to other jobs in Buena Park, according to a report on Advantage Business Media’s Manufacturing.net.
The plant closures are expected to cost Yamaha $11 million.
The Michigan plant makes wind instruments and had revenue of $30 million in 2006. It’s set to close at the end of April. Yamaha plans to step up wind instrument production at plants in China, Indonesia and Japan.
Some employees are set to move to Buena Park, according to a report in
Michigan’s
Grand Rapids Press. Yamaha is moving a research and development unit that works with musicians from
Michigan
to Buena Park.
The Georgia plant makes pianos and speakers with 2006 sales of $34 million. It’s set to close by March. Plants in China, Taiwan and Indonesia are set to take over production.
The export business counted $20 million in 2006 sales.
Yamaha does nearly $5 billion in yearly sales, including $800 million from the Buena Park unit. The company is the top U.S. music and sound company, according to Music Trades magazine.
http://www.ocbj.com/article.asp?aID=36429224.1410381.1430663.30996.87215104.772&aID2=110042 |
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Steve Myers |
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Mon Feb 12, 2007 11:06 am |
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Ryan Eashoo
F L I N T O I D
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Thanks to all these FREE TRADE laws!
[/b] |
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Flint Michigan Resident, Tax Payer, Flint Nutt - Local REALTOR - Activist. www.FlintTown.com |
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Mon Feb 12, 2007 4:40 pm |
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Ted Jankowski
F L I N T O I D
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Yep. We have got to stop protecting Foreign companies from paying taxes in the USA! This idea that taxing the American companies and the American citizen to the hilt and allowing these companies to move off shore is good for the economy is a crock of !@#$!
Free Trade is only FREE for Foreign companies! |
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Mon Feb 12, 2007 4:50 pm |
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Ryan Eashoo
F L I N T O I D
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quote:
Ted Jankowski schreef:
Yep. We have got to stop protecting Foreign companies from paying taxes in the USA! This idea that taxing the American companies and the American citizen to the hilt and allowing these companies to move off shore is good for the economy is a crock of !@#$!
Free Trade is only FREE for Foreign companies!
Amen Ted... Looks like the funny sounding man, back 10 or so years ago named Ross Perot was right.... I for sure hear that SUCKING sound now that he was talking about.
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Flint Michigan Resident, Tax Payer, Flint Nutt - Local REALTOR - Activist. www.FlintTown.com |
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Tue Feb 13, 2007 2:32 pm |
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Lestcoast Perspective
Guest
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| Let's get up to reality. Have you heard of 2007?? If one foot is stuck in yesterday and on foot is stuck in tomorrow, then you'll be shitting on the present.
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Wed Feb 14, 2007 11:31 pm |
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Lestcoast Perspective
Guest
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| Let's get up to reality. Have you heard of 2007?? If one foot is stuck in yesterday and on foot is stuck in tomorrow, then you'll be shitting on the present.
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Wed Feb 14, 2007 11:42 pm |
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Guest
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| I guess all the people in Flint, Michigan are dead by now . . . just like General Motors. Charles Stewart Mott is probably rolling over in his grave. |
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Wed Feb 14, 2007 11:46 pm |
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