bmattock
Veteran
copake_ham said:Bill,
We've been exporting polluting industries for decades. We'll just do a LBO on the Kodak and Fernia plants and move production to Mexico or futher off-shore.
We're talking global markets.
I shoot all kinds of film - do you think I give a hoot where they make it?
Regards,
George
That's why Kodak invested heavily in all five Chinese film manufacturers. Originally, they thought they were going to steal a march on Fuji - both were fighting for market share of a billion-plus emerging middle-class economy (China is going to eat the USA, by the way. Ten years and we all speak Chinese. That's another story.).
But China is not going to buy film cameras - they're going digital and technology jumping just like other newly-minted industrialized nations. No copper lines for phones - straight to wireless. Same with photography. So that left Kodak holding a billion-dollar investment in Lucky film company.
But Kodak got it right. Major need to make nicey-nice with China. Offshore manufacture of cheap consumer level digicams and remaining film plants can be built there - Chinese gov't doesn't care who gets cancer down the road. So Kodak got a way big feather in their cap - they were allowed by the Chinese govt to essentially take over all remaining film manufacture in China - Chinese never do that. They've got a very nice place there.
So Kodak can make film in China longer than they can in the USA, and that's great for us, and it follows your logic. But these plants are already built. Regardless of what else happens, they aren't going to build any NEW plants - in China or anywhere else.
Cost of entry into this field is too high. Wish it wasn't.
Best Regards,
Bill Mattocks