Home / Knowledge / News / Textiles / Harodite will benefit from Congressman Frank's tariff bill
Harodite will benefit from Congressman Frank's tariff bill
02
Aug '10
The United States Senate passed legislation that will reduce import costs for hundreds of American companies. The bill included provisions introduced by Congressman Barney Frank which would directly benefit two local companies, Harodite Industries of Taunton and EC Pigments of Fall River.

The U.S. Manufacturing Enhancement Act of 2010 (H.R. 4380) suspends or reduces tariffs on certain goods produced abroad that are imported into the United States for use in manufacturing. The intention of the act is to prevent penalizing companies for importing items – mostly chemicals – that are not produced in the United States. The result is to lower costs to manufacturers, most of which are in the textile, chemical, or automobile industries. Lower costs increase the competitiveness of those companies and clear the way for job growth.

Congressman Frank introduced several bills this Congress which would suspend tariffs on items imported by the two local companies. Frank's bills were later included in the legislation that passed the House on July 21st on a bipartisan basis, by a vote of 378-43.

Harodite Industries, a specialty textile manufacturer, will benefit from a temporary suspension on tariffs for two items it currently imports. The company employs about 40 people in its Taunton, Massachusetts facility.

EC Pigments of Fall River, a manufacturer of organic pigments used in the production of inks, paints, and plastics, will benefit from the suspension of duties on five items it imports. The company has approximately 32 workers in its Fall River operation.

Frank's requests on behalf of these local companies, like all others, underwent a thorough vetting process to ensure that the benefits do not come at the expense of domestic manufacturers.

The legislation will now go to the President to be signed into law.

United States House of Representatives

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search