Nissan Forklift First to Receive Foreign Trade Zone Status

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- 28 Sep 2006 ( #279 )
2 min read
Marengo, Illinois - September 2006. Nissan Forklift is pleased to announce the approval of Foreign Trade Zone status. The new Foreign Trade Zone, a sub zone of the Foreign Trade Zone at the Chicago-Rockford International Airport, will allow Nissan Forklift to streamline the customs process, and reduce or eliminate duties or tariffs on parts that it imports, in addition to completed machines it exports.

In a ceremony at the Marengo, Illinois production plant, Nissan Forklift executives met with U.S. Department of Commerce Assistant Secretary David Spooner, who administers the Foreign Trade Zone program, and U.S. Representative Don Manzullo, R-Illinois, Chairman of the U.S. House Committee on Small Business. "This new Foreign Trade Zone sub zone will help Nissan Forklift and its suppliers better compete in the global marketplace and help increase the market share of the company's forklifts sold in the U.S. and abroad," Manzullo said. "It will help Nissan Forklift and the local suppliers grow their businesses and create more jobs for needy workers in northern Illinois." "It's a great tool for manufacturers to keep jobs here instead of sending them abroad," Spooner said.

'Nissan Industrial Engine Manufacturing' building
'Nissan Industrial Engine Manufacturing' building
Nissan Forklift is the first forklift manufacturer in the U.S. to receive Foreign Trade Zone status. Company President Tak Tokugawa said, "With the new designation, Nissan Forklift aims to increase exports to European and South American countries." Nissan Forklift Corporation, North America is a full line supplier of engine powered forklifts, electric sit-down riders, electric pallet trucks, electric tow tractors, electric walkie stackers, and manual pallet trucks in the Nissan and Barrett Industrial Truck brands. Nissan and Barrett products are sold and serviced through a North American dealer network with more than 140 locations. For more information please contact Nissan Forklift Corporation:

North America, Marketing Department, 240 North Prospect Street, Marengo, Illinois, 60152.
Phone: +1 815 568 0061
Fax: +1 815 568 0179
Website: www.nissanforklift.com
E-mail: ialves@nfcna.com
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