Reply #5: Yet another China Debacle - We have to speak up!

[1776Forever]

(Posted in another DU post on this - wanted to make sure everyone saw it that can)

Another health risk to our people in the U.S. who have for years fought to have good quality products and safety for our citizens! We are outsourcing our very quality of life away! Let alone the future of our children! When will the idiots in Government wake up!! Just today New York Times reported on medication made in China that killed children in Panama! And the rich get richer while the country is pissed away!

http://www.nytimes.com/2007/05/06/world/americas/06pois...

Read the following on this company that outsourced there product manufacturing to China!

http://www.crowncrafts.com/about.html

Crown Crafts, Inc. Company Overview:

Crown Crafts, Inc., a Georgia corporation founded in 1957, operates indirectly through its subsidiaries in the Infant Products segment within the Consumer Products industry. In response to changing business conditions in the consumer products industry, the Company made significant changes in its business operations. In addition to a program of cost reductions and rationalization, the Company outsourced virtually all of its manufacturing to domestic and foreign contract manufacturers with the exception of the specialty hand wovens produced by Churchill Weavers. The Woven Products division, with manufacturing primarily in north Georgia, was sold on November 14, 2000 and net proceeds of $32.3 million were used to reduce debt. Following the outsourcing of adult bedding, the Roxboro, North Carolina plant was sold on June 14, 2001 and the proceeds of $8.0 million were used to reduce debt. Also, the Company made a decision to exit the Adult Bedding and Bath Business, and its net assets related to that business of $12.4 million were sold effective July 23, 2001. Proceeds of the sale were $8.5 million cash plus the assumption of liabilities of $3.4 million as well as the assumption of certain contingent liabilities. Cash from the sale was used to reduce debt. Following the sale of the Adult Bedding and Bath business, the Company is now primarily in the infant and juvenile products business.
:banghead: