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Cirrus Sold To Chinese

Old 3rd Mar 2011, 06:55
  #21 (permalink)  
Join Date: Nov 2004
Location: Perth - Western Australia
Age: 71
Posts: 1,809
Tarq57 has nailed the essence of the problem. We are filling landfills at an exponential rate, with Chinese junk, that we are being taught, can be disposed of, at an ever-increasing rate. It's not sustainable.

Has any one of you ever worked in a landfill? I have! Nearly a decade and half ago, when I was truly desperate for a dollar, after a nasty period of severe personal losses... I was forced to work in a landfill operation for 2 mths until I could raise some $$'s again.

EVERYONE should be made to work in a landfill operation for 2 mmths, just to see what goes on!
Our Depression-era parents, grandparents and great-grandparents, would be spinning in their graves, at the waste!
Perfectly good bicycles are buried, because new ones have been purchased! Electrical goods with minor flaws (noisy fan) are turfed out and buried, because owners can't be bothered fixing anything... and most people don't even have the knowledge on how to fix it, anyway!

We were constantly running out of room in the "industrial" waste side of the landfill (as compared to the "household waste" section). The majority of the material buried was Chinese.
We were burying, at my best estimate, $3000-$5000 worth of immediately-recyclable metals, a week! Iron, aluminium, copper... it wasn't worth gathering up, said the landfill bosses!

We will pay for this waste in more ways than one, eventually. Electrical waste disposal is a huge problem. Waste plastics are everywhere, and only a small % is recycled.
Councils are being overwhelmed, and take the easy, less-costly options... build more landfills, further out of town.

If products were built with better quality, and made repairable, then our landfill problem would be minimal. It can be done, but manufacturers such as the Chinese have no interest in doing so... and neither do our retailers, politicians, and regulatory authorities.
We have a Govt intent on a Carbon Capture tax... yet those same pollies are blind to the manufacturing quality/waste problem, that will overwhelm our children.
The Chinese don't care, they are exporting the problem, and getting rich, on doing so.
onetrack is offline  
Old 3rd Mar 2011, 08:58
  #22 (permalink)  
Join Date: Sep 2006
Location: australia
Posts: 64
My 2 yen

Err Tailwheel,
Since Merc's were made in China they have gone from the most dependable , reliable automobile ever made to one of the worst in about 10 years. Maybe the fault of the bean counters? But I know if I was on the production line in downtown Bejiing getting paid 1/100 of the german guys, my heart might not be in it.
Also heard a rumor that the repair job on the Qantas 747 that did some nose ploughing a while ago , was so bad , it had to be redone in Aus.
Murray Cod is offline  
Old 4th Mar 2011, 02:33
  #23 (permalink)  
Join Date: Aug 2009
Location: china
Posts: 22
Globalisation has brought me a far better quality of life and lower cost consumer goods than my parents could ever dream of
Tailwheel, it's a very good observation in so far as we do live a more 'affluent' lifestyle than our predecessors. But I doubt the next generations will be singing the praises of globalisation and the subsequent deregulation of credit markets that have caused this. There are plenty of charts floating around showing the near perfect correlation between consumption and credit growth. Particluarly salient for us in OZ, with one of the highest private debt levels on the planet.

Globalisation may have helped us leverage off cheaper foreign labour and materials to live better, but in doing so we've reduced ourselves to no more than a FIRE economy with a few quarries. At the same time, those same countries like China and previously Japan are the ones who we're now indebted to.

With mining being 5% of our GDP and now effectively wagging the economic dog in this country, it's obvious we're now starting to repay the piper - check out retail. Floundering, not because of the internet red herring, but because too much money is being spent servicing private interest costs. I hope the 15+ year binge was worth it for all of us!
12-47 is offline  
Old 4th Mar 2011, 05:55
  #24 (permalink)  
Join Date: Oct 2005
Location: somewhere in Oz
Age: 50
Posts: 913
The Chinese are buying these US companies because the investment engine in the US is broken. Few people in the West want to invest for a reasonable return anymore - they all want above average returns and get-rich-quick ponzi schemes of which the Banksters can provide many and are usually the first (i.e. most rewarded) subscribers.

The end result is that the West will eventually own little wealth-making enterprises and have no money to buy the goods that are produced. We will become the low-wage slaves of the new mercantilist eastern empire
Andy_RR is offline  
Old 4th Mar 2011, 10:06
  #25 (permalink)  
Join Date: May 2007
Location: Sydney
Posts: 391
Another thing I heard from a trader who works in China is that the Mercs made in China are mostly exported. The Chinese only want the German ones.
sprocket check is offline  
Old 6th Mar 2011, 12:17
  #26 (permalink)  
Join Date: Apr 2009
Location: Sydney
Age: 45
Posts: 30

Cirrus has been owned by a foreign company (middle Eastern) for over the last 5 years & has become the most succesfull 4 seat aircraft during this time ( by market share & sales volume).
Cirrus will contine to build their product in MN & ND USA. The Chinese have also given a $100 mill cash injection instantly to fund the final stage of the SF50 jet program so a production certification can be achieved sooner rather than later. In the future SR series aircraft might be produced in China, but i would suspect this would be only for the domestic Chinese GA market which is about to explode with the restictions on GA being relaxed in stages.

The investment also offers security for the cirrus employees going forward whilst the USA slowly drags itself out of economic doom & gloom.

Excuse my poor English skills as i have just returned from an end of Avalon 2011 BBQ, and the Shiraz was quite tasty
CirrusSR22T is offline  

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