Arkansas

LiberalArkie

(17,770 posts) Thu Jan 9, 2025, 07:39 PM Jan 9

Conway-based manufacturer Tokusen USA set to close, expected 250 job loss

CONWAY, Ark. – A Conway manufacturer with approximately 250 workers has announced it is shutting down.

Tokusen USA advised the Arkansas Division of Workforce Services that it would be closing in mid-to-late March. The company produced steel cord for tires. The company cited aluminum and steel tariffs coupled with “workforce instability and inflationary conditions” as the factors leading to the shut-down decision.

The company outlined the business environment that led to its closure decision.

Snip
The 25% tariff on the imported steel used to make the cords was put in place in March 2018 by President Donald Trump. In citing the tariff, company officials also noted the forthcoming closing of a New York tire plant and the 2023 closing of an Oklahoma tire plant as additional factors in the decision.

Snip

https://www.kark.com/news/business/conway-based-manufacturer-tokusen-usa-set-to-close-expected-250-job-loss/

7 replies

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Conway-based manufacturer Tokusen USA set to close, expected 250 job loss (Original Post) LiberalArkie Jan 9 OP

But trade wars are GOOD ! Tariffs are BRILLIANT ! nt eppur_se_muova Jan 9 #1

Good job, Trump PJMcK Jan 9 #2

This message was self-deleted by its author Tbear Jan 9 #3

Im glad they mentioned the trump tarriffs berniesandersmittens Jan 10 #4

Tokusen sounds like a Japanese company RazorbackExpat Mar 23 #5

Sanyo did pretty good in Arkansas, but everything it built ended up being old. Like CRT Tv's and Microwaves that LiberalArkie Mar 23 #6

Sanyo had endless labor problems at its Forrest City plant, RazorbackExpat Mar 24 #7

eppur_se_muova

(38,677 posts)

1. But trade wars are GOOD ! Tariffs are BRILLIANT ! nt

Reply to LiberalArkie (Original post)

Thu Jan 9, 2025, 07:41 PM

Jan 9

PJMcK

(23,417 posts)

2. Good job, Trump

Reply to LiberalArkie (Original post)

Thu Jan 9, 2025, 07:47 PM

Jan 9

Loser.

Response to LiberalArkie (Original post)

Tbear This message was self-deleted by its author.

berniesandersmittens

(12,091 posts)

4. Im glad they mentioned the trump tarriffs

Reply to LiberalArkie (Original post)

Fri Jan 10, 2025, 12:57 PM

Jan 10

And off topic, but I'm glad my auto correct doesn't capitalize the word trump.

RazorbackExpat

(426 posts)

5. Tokusen sounds like a Japanese company

Reply to LiberalArkie (Original post)

Sun Mar 23, 2025, 11:17 AM

Mar 23

I remember the problems that Sanyo had with its Arkansas plant in the '80s. I wonder if there's any connection?

LiberalArkie

(17,770 posts)

6. Sanyo did pretty good in Arkansas, but everything it built ended up being old. Like CRT Tv's and Microwaves that

Reply to RazorbackExpat (Reply #5)

Sun Mar 23, 2025, 01:12 PM

Mar 23

Last edited Sun Mar 23, 2025, 04:56 PM - Edit history (1)

ended up being way cheaper made in China.

RazorbackExpat

(426 posts)

7. Sanyo had endless labor problems at its Forrest City plant,

Reply to LiberalArkie (Reply #6)

Mon Mar 24, 2025, 01:29 PM

Mar 24

as faithfully reported in the Arkansas Gazette in the 80s.

Forrest City, named after Nathan Bedford Forrest, the founder of the KKK. Probably the worst place for a Japanese plant to locate in Arkansas in the 80s. One reason why Governor Clinton's appeals for Japanese investment fell flat.

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