Johnson Outdoors, the US-based manufacturer of outdoor leisure equipment, has raised its profit forecast after being granted some exclusions on tariffs imposed on Chinese imports.
As a result of exclusions – announced today – the maker of fishing kayaks and marine electronics has lowered the estimated impact of the Section 301 taxes for 2019 from $5m-7m to $3m. These granted exclusions concern components currently sourced in China for products manufactured in the company’s North American facilities and sold worldwide.
The exclusion requests were reviewed and granted by both the United States Trade Representatives (USTR) and the US Customs and Border Protection (CBP).
“We appreciate that USTR and CBP have approved these exclusions and we will continue to pursue a range of tariff mitigation efforts to strengthen US manufacturing,” said David W. Johnson, Chief Financial Officer. “We remain hopeful that trade negotiations successfully and fairly resolve disputes and eliminate tariffs for the benefit of American manufacturers and workers."
Johnson Outdoors’ iconic brands include Old Town Canoes and Kayaks; Ocean Kayak; Carlisle paddles; Minn Kota fishing motors, batteries and anchors; Cannon downriggers and Humminbird marine electronics and charts... Continue Reading
Shimano has opened its second major fishing tackle service centre in the US to cater for its eastern-based customers.
The Japanese tackle giant says that the new facility at its business office and distribution facility just west of Charleston, South Carolina, offers the same ‘top quality’ service that is provided by its opposite number based at Shimano’s headquarters in Irvine, California.
Shimano Customer Services Manager, Michelle Williams, said: “After anglers buy our reels, we want them to continue to have a great fishing experience by offering convenient reel maintenance and repair services when needed. “Between our two operations – and our 26 ‘Satellite Service Centers – we can get anglers back on the water with reel care carried out by Shimano trained and certified staff, using original parts and applying our latest Shimano technology.”
Shimano also provides reel service and warranty work in Canada at its corporate offices in Peterborough, Ontario, and a satellite site in Mississauga... Continue Reading
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