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Article: Coastcast can't beat Chinese, so sells last unit to Fu Sheng.(Corporate Focus)(FS-Precision Tech Co. LLC, Fu Sheng Industrial Co.)
- Article from:
- Los Angeles Business Journal
- Article date:
- October 18, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To get an understanding of how Chinese competitors have gained the upper hand on U.S. companies, look no further than Coastcast Corp., a former supplier of metal golf club heads to Callaway Golf Co., Ping and Titleist.
After years of struggling to compete with lower-cost manufacturers in China, Taiwan and Hong Kong, Coastcast had to abandon its golf club heads business entirely in July because it had so few remaining customers.
Hans Buehler, Coastcast's founder, chairman and chief executive, went so far as to cancel the annual shareholder meeting in April to cut costs. Though Coastcast had tried to diversify by making orthopedic implants, surgical tools ...