American Stationery Giant Brought to Its Knees in China...

[DefiantSix]

Fellowes, American Stationery Giant, Brought to Its Knees in China
By Matthew Robertson, Epoch Times Staff
Created: Apr 5, 2011
Last Updated: Apr 16, 2011

There are few paper shredders in the world that can rip an A4 piece of paper into 2,000 pieces, and come with functions like SilentShred, SafeSense, and “100% Jam Proof”—and most that do have the name “Fellowes” printed on top. But consumers may soon be able to buy, say, the deluxe Powershred C-480Cx, without the Fellowes brand, because the company’s entire business in China has been stolen by its joint venture partner.

Over 1,600 workers at the joint venture facility in China turned up one day in August last year to find that the factory gates were locked, trucks had blockaded the entrances, and a group of rough-and-ready enforcers were telling them to move on.

And some days later, in the dead of night, a truck entered the facility and stole some of the million-dollar manufacturing tools used to make the shredders, some of which weigh several tons. The joint venture partner “proceeded to destroy our business,” according to James Fellowes, the CEO, at a Congressional Hearing on March 31.

Now on the Fellowes Inc. company website several of the personal shredders and all of the commercial shredders are accompanied by a “Limited Supply” icon, and a note by James Fellowes, CEO of the firm, humbly apologizing that the company “is unable to produce some of its shredders which are made in our primary manufacturing operation in China.”

Fellowes’ paper shredders are a US$168 million business, and when the company was taken over in China it lost US$100 million, according to Fellowes.

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ChiComs are almost as bad as Islamofascists.

[JohnnyReb]

Wonder if I could steal one of the CATERPILLAR plants...I always wanted to build my own bulldozer.