North American Höganäs applies to join foreign trade zone program
November 8, 2017
It has been reported that North American Höganäs has become the first manufacturer to join Pennsylvania’s foreign trade zone program. Public notices published by local newspaper The Tribune-Democrat confirm that Höganäs has applied for its manufacturing facilities in Cambria, Somerset and Elk counties to be given subzone status.
Established in January 2016, the trade zone program allows participating companies to receive reduced or eliminated duty tariffs on imported material being used to produce other products.
Matthew Smith, Logistics Manager for Höganäs, reportedly stated that the subzone status will allow the company to reduce costs on imported material used to turn scrap metal into specialised iron powder used in manufacturing around the world.
Currently, there are around 400 workers at Höganäs facilities in Hollsopple, St. Marys and Bridge Street in Johnstown’s Moxham section.