We shall see. My hope would be a return to US based manufacturing but I doubt that will happen. If Gene can make enough money to go F1 racing building machines in california...I would hope Hardinge could make money building machines in NY...but apparently that wasn't the case.
+1 (big time).
Here's my tin-foil hat nailed to my head... I have always been a little uncomfortable and wary about the whole Taiwan situation. No1 on China's "To do list" is take back Taiwan. Everything else second. Very much like West Germany's constitutional "to do list" of re-unite East and West Germany... So regarding China its really a case of not "If" but when (and that will be super disruptive to businesses there). I really don't abide by Trump and his policies, but one thing I was on the same page was that it was not such a great idea to be feeding the Red dragon with our best manufacturing capabilities and machine tools for the past 25 years. All in the "Hope" that that would naturally dissolve a communist totalitarian regime so we could sell Coca-Cola to 1 billion new customers? Not... Didn't happen, not going to happen! Turns out you can both be a capitalist and still maintain a totalitarian communist regime with hideous human rights records and slave labor for a $1/day and still kick butt economically on the world stage.
All of the MTBs invested heavily in the China "Phenomenon" and 15 years ago some business minding folks were saying things like "We should have our kids learn mandarin and so on...".. Now we are in a situation where China is the Number 2 power in the world and the EU/Germany would rather work out a trade deals with China than the USA...
If you pull out a map of what HARDINGE does world wide it's pretty clear their main financial base and hub is in the Far East... Mainly China, and Taiwan. It's just one of those weird things that machine tools (at least right now), are heavily reliant on Cast Iron foundries and skills and techniques as well as running such foundries in a way that makes economic sense. As lot of you know, a lot of the US based very large machine type builders in the USA have disappeared along with cast iron "Know-how".. I love the whole Hardinge "Thing" and Heritage and I have very positive associations over the years with Hardinge equipment of yester year... But I wonder if the USA is being given short shrift in respect of what Hardinge offers Europe and the Far east?
@XD341 I agree XD writes: "I would hope Hardinge could make money building machines in NY...but apparently that wasn't the case" ? That would be marvelous...
The previous CEO of Hardinge (two Ceo's ago) was giving himself great credit for moving Hardinge manufacturing/machine tool building to the far East and cited that as being critical to the company's survival? AND it is true HAAS does very well... Making stuff 100% in California... (amazing). So I think the Far East "Mindset" is firmly entrenched at Hardinge and when China does take Taiwan (peacefully) probably at least Hardinge will be more able to deal with such a takeover more than any other MTB as they are already so heavily in China.
Hardinge offer's amazing capabilities in Europe that are NOT offered or sustained or supported in the USA... What does that tell you? How much more expensive would that be to Hardinge to make that happen? (shrugging shoulders??? ). Apparently it is too expensive? (Even though everything normally in Europe is way more expensive than the USA... European union is roughly the size of USA now... (So you can't use the argument the USA is physically a continent and Europe is not).
If I was being kinda "Mean" or overly critical, because Hardinge is so closely tied to the American flag, culture and mindset I get the "vibe" or impression that they (Hardinge) lean a bit too heavily on that, and can be a bit "Cheap" in their approach and expect other local vendors to make up particular short falls... Where you get into a situation where economically things become a bit of a "Stale-mate" in the USA on the local level (or at least that's how it appears/seems) as nobody can make any money that way?
Hardinge is fantastic to all of those that are within arms reach of their main hub/hubs, and I have no doubt they serve the DOD (Defense) very well and other large Gov. based entities.
Does make you wonder what Machine tools Kim Jong Un Is using to build his current crop of missiles with? Are those Western machine tools "Trafficked" through China... The capability and results are frighteningly competent?
I admit it is odd to have a company head quarters (like Hardinge) in the USA, and yet it serves European and Far Eastern markets better/much better? And the USA is not that economically viable for them? Hence contraction and being more efficient/cost effective overall. It is a business and has to stay in the game, and if that' s how they stay in the game in the USA so be it. Then they have to do what they have to do.