Tariff Quote Watch: Volex Less Involved in China, Competitors Already Out — Panjiva
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Tariff Quote Watch: Volex Less Involved in China, Competitors Already Out

China 2918 Industrials - Capital Goods 559 Quote Watch 452 Tariffs 1771 U.S. 5260

Power cable manufacturer Volex plc plans to shift a proportion of its production out of China in response to U.S. tariffs. It may go further given “all the Group’s facilities throughout the world can be utilized” if required though costs have increased as a result. Volex does not appear to have done so yet though. The firm’s U.S. seaborne imports from China rose 10.2% year over year in the three months to May 31. There is still an imperative to restructure though given other major importers of the group’s core electrical cable products import from outside of China. Those include Daimler ...

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