When we talk about changes in the macroeconomic situation, we cannot ignore the major steps made by U.S. glass manufacturers in their striving to survive. The competition has become so intensive that it is extremely difficult to expand and even simply preserve the existing market share. Not surprisingly, many U.S. glass industry players choose to move their facilities abroad or simply try to expand internationally.
This is what Corning Inc., one of the major US-based specialty glass manufacturers, decided to do. To the knowledge of Chandler Glass, the company wants to invest huge finances in setting up and running a manufacturing facility in India. The facility will be dealing primarily with optical cable. 270 people will be lucky to find their employment there. In addition, the local government has provided a five-year window for the investor to avoid excessive payments and taxes. This seems like a good decision for a competitive glass manufacturer, which is looking for the new ways to build and expand its business.
We at Chandler Glass know how hard it can be at times to remain successful against all odds. We have also noticed that moving manufacturing facilities abroad is no longer an exception; it is a common trend. U.S. glass manufacturers benefit from reduced costs and lower wages to be paid to local workers. The latter, in turn, benefit from additional employment opportunities and the investments made by foreigners in their infrastructure.
The only thing that makes Chandler Glass concerned is the future of U.S.-based employment. What is going to happen with those, who live in the U.S. and want to work in the U.S.? If everyone moves to the third world, Americans will simply have no motivation to improve their economic climate. Unfortunately, Chandler Glass alone cannot change the situation, but we still hope to see the triumph of the American economy and improved wellbeing of our citizens!
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