Not just Taiwan, but Canada, Korea, and Israel.CanAm: Things are worse than that. The great US Army found they can't find enough ammo in US. They are ordering Billions rounds of 5.56 from Taiwan......Asian manufacturers, eh?....I don't feel bad anymore....
Made in canada vs made in china
- Thread starter RevolverRodger
- Start date
Canadian Company Manufactures Bullets for War in Iraq
The Dominion - http://ww w.dominionpaper.ca
SNC Technologies Inc., based in Le Gardeur, Québec, is under contract to supply the US military with 300 to 500 million bullets per year in a contract that could potentially run for five years. The occupations of Afghanistan and Iraq are of course taking longer than initially expected, and the US manufacturers cannot keep up with the demand for ammunition, so SNC's bullets have become part of Bush's "war on terror."
SNC, according to its website, has annual revenues of CAD$266 million, and it is also the sole military ammunition producer in Canada. SNC supplies the Canadian Department of National Defence with 70% of its ammunition and also sends its products to several companies across Europe, the Middle East, the Far East, Australia, and New Zealand.
The Dominion - http://ww w.dominionpaper.ca
SNC Technologies Inc., based in Le Gardeur, Québec, is under contract to supply the US military with 300 to 500 million bullets per year in a contract that could potentially run for five years. The occupations of Afghanistan and Iraq are of course taking longer than initially expected, and the US manufacturers cannot keep up with the demand for ammunition, so SNC's bullets have become part of Bush's "war on terror."
SNC, according to its website, has annual revenues of CAD$266 million, and it is also the sole military ammunition producer in Canada. SNC supplies the Canadian Department of National Defence with 70% of its ammunition and also sends its products to several companies across Europe, the Middle East, the Far East, Australia, and New Zealand.
General Dynamics has agreed to buy Canadian ammunition maker SNC Technologies for about $275 million.
Washington Business Journal - by Barton Eckert Contributing Writer
SNC Tech is a unit of Montreal-based SNC-Lavalin Group.
Falls Church-based General Dynamics (NYSE: GD) is the second largest provider of small-arms ammunition to the U.S. military. SNC Tech makes small-, medium- and large-caliber ammunition for military and law enforcement customers. It had sales last year of $293 million.
The acquisition is subject to Canadian government approval, as well as other regulatory approvals, although General Dynamics expects the transaction to be completed in the second quarter.
SNC Tech is a main supplier of ammunition used by the Canadian Department of National Defense. It also supplies ammunition to the U.S. Defense Department, as well as Australia, Belgium, Denmark, France, Greece, Holland, Hong Kong, Italy, Jordan, Kuwait, New Zealand, Oman, Singapore, Sweden, Thailand, the Philippines, the United Kingdom and the United Arab Emirates.
Washington Business Journal - by Barton Eckert Contributing Writer
SNC Tech is a unit of Montreal-based SNC-Lavalin Group.
Falls Church-based General Dynamics (NYSE: GD) is the second largest provider of small-arms ammunition to the U.S. military. SNC Tech makes small-, medium- and large-caliber ammunition for military and law enforcement customers. It had sales last year of $293 million.
The acquisition is subject to Canadian government approval, as well as other regulatory approvals, although General Dynamics expects the transaction to be completed in the second quarter.
SNC Tech is a main supplier of ammunition used by the Canadian Department of National Defense. It also supplies ammunition to the U.S. Defense Department, as well as Australia, Belgium, Denmark, France, Greece, Holland, Hong Kong, Italy, Jordan, Kuwait, New Zealand, Oman, Singapore, Sweden, Thailand, the Philippines, the United Kingdom and the United Arab Emirates.
That's the question.
Here's another,
Why would the Canadian govt. allow the sale of it's millitary ammo supplier to another country?
I don't know anything about ammo manufacturing but if SNS Tech. is a profitable Canadian company, and is the main supplier to the armed forces it would seem in the interest of national sovereignty to keep it that way!
Why would the Canadian govt. allow the sale of it's millitary ammo supplier to another country?
I don't know anything about ammo manufacturing but if SNS Tech. is a profitable Canadian company, and is the main supplier to the armed forces it would seem in the interest of national sovereignty to keep it that way!
So, we should nationalise it like we're some sort of Soviet Socialist Republic?
It's privately owned. It can be bought and sold.
It's entirely possible. In a corporate acquisition gross revenues is only one of many factors taken into consideration.
With today's copper and lead price, I don't think they made lots of money. I heard the Tainwan ammo plant doesn't make sound profit out of their contract.
But that's a state-owned company.
revenues does not equal net income/profit.
there so many factors thats goes into figuring out the worth of any company, including debts and future contracts beyond the 5 year contract, it looks pretty uncertain with an upcoming US presidential election , who knows long the US will stay in iraq , also their contracts are in US$ and thats going down the toilet so all in all , i say its a good time to sell.
ps. the purchase was for US$275m at the time last year it was worth C$315m , today the same amount is worth C$264m, a C$51m drop just on the conversion....yeah, it was a good move to sell.
Last edited:
I don't know anything about this Snc cnc crap.....all i know is when I pick up a rifle made in China it looks, feels, functions like a piece of crap. When i pick up a gun made in the USA or some Euro type nations, you can see/feel quality. The type of guns that i like haven't been copied yet by Chinese type nations, so it doesn't affect me much, but I know a crappy gun when I pick it up.
Just FYI, Para Ordnance sells their guns to a wholesale distribution company in Toronto for the Canadian market. The guns are not exported and then imported back to Canada.
I just spent a day at a gunshow with three CHINESE M-14 rifles for sale on my table.
My neighbor at the show had an OLDER Springfield Armory M1A SUPER MATCH rifle on his table, as well as a boodle of GENUINE USGI Parts and US made SEI and SA aftermarket parts.
That OLD SA Supermatch was one of the last all US made M1A type rifles, where the receiver was carefully built by experienced US craftsmen, and Genuine USGI M-14 parts were carefully fitted. It had a Macmillan stock and heavy SS barrel, and represents a fine example [ about as good as you can get ] of a US built firearm ...
way better than anything that Sproingfield turns out today [ CAST parts from various offshore suppliers and a out of spec receiver CAST in Canada ]
My neighbor was asking $ 3500 for his SA Supermatch, which is actually a bit below market value. As a fact, I sold one almost identical in year 2000 for way more than that.
I was asking $ 650 for one of my "mildly tweaked" Chinese M-14 rifles. In talking things over with my neighbor, and with the various customers who came along, the consensus was that the SA Supermatch was worth what he was asking, and the Chinese rifles I was selling for $ 650 were a bargain.
BUT,
as a matter of fact,
one of my mildly tweaked Chinese "piece of crap" M14 rifles will shoot better than his SA supermatch.
And you know what?
When you buy an M-14 that I have tweaked, I will guarantee it personally.And you can deal with me personally.
When you buy a US MADE Sproingfield, IN THEORY, they also guarantee their work, but in the real world, their repair service SUCKS BIG TIME. You will wait MONTHS for a repair, and may have to send the thing back several times for another go around, till the highly paid US "?CRAFTSMEN?" get it right. Don't believe me? Go on any US M-14 forum and read the litany of SA "quality control" stories.
The ONE and only real advantage of the SA built rifle, is that you can take it down into the US for matches, and you can't do that with a Chinese built rifle.
But this is more about protectionary US laws protecting decadent US industries that are simply uncompetitive in todays world markets, than it is about ensuring "quality".
So you tell me,
why would anyone pay THAT MUCH more for the priviledge of owning a GENUINE made in the US fiream?
PS: If you are typing your e-mails on a IBM computer newer than three years old, then you are working on a CHINESE built computer. That's right folks ... good ol' IBM [ the epitomy of US Capitalism ] gave up trying to compete with the Chinese on the hardware side of their businerss, and sold it to the Chinese.
No wonder the US economy is in such trouble ... the Chinese own most of it, and could pull the plug any time it suited them by merely converting their US dollars into Gold or Canucklehead bucks.
Wait a minute ...
maybe that is their long term plan after all??
TINFOIL HAT TIME
[ Moderator please don't mistake this for RACISM as I am {probably} just kiddin']
I am not worried about Chinese "?communist?" slave labor so much as I am about these so called "communists" out finessing the US at the Capitalist game.
I think the US has already lost the war on terror, and effectively lost WW III, which it turned out was fought, not with nukes, but with the other favorite weapon of the US, $$$$$.
OOPS,
it is too late for our generation,
but you might still have time to sign your kids up for Mandarin classes ...
or else they won't be getting any promotions from their new Chinese bosses.
So enough with the Chinese bashing ...
since you are most likely doing it on a Chinese built computer, I wouldn't be a bit surpised if the clever little yellow devils hadn't built in a hardware Trojan Horse system to keep track of people like you. Who knows ... maybe they already have your name on a list?
[;{)
LAZ 1
My neighbor at the show had an OLDER Springfield Armory M1A SUPER MATCH rifle on his table, as well as a boodle of GENUINE USGI Parts and US made SEI and SA aftermarket parts.
That OLD SA Supermatch was one of the last all US made M1A type rifles, where the receiver was carefully built by experienced US craftsmen, and Genuine USGI M-14 parts were carefully fitted. It had a Macmillan stock and heavy SS barrel, and represents a fine example [ about as good as you can get ] of a US built firearm ...
way better than anything that Sproingfield turns out today [ CAST parts from various offshore suppliers and a out of spec receiver CAST in Canada ]
My neighbor was asking $ 3500 for his SA Supermatch, which is actually a bit below market value. As a fact, I sold one almost identical in year 2000 for way more than that.
I was asking $ 650 for one of my "mildly tweaked" Chinese M-14 rifles. In talking things over with my neighbor, and with the various customers who came along, the consensus was that the SA Supermatch was worth what he was asking, and the Chinese rifles I was selling for $ 650 were a bargain.
BUT,
as a matter of fact,
one of my mildly tweaked Chinese "piece of crap" M14 rifles will shoot better than his SA supermatch.
And you know what?
When you buy an M-14 that I have tweaked, I will guarantee it personally.And you can deal with me personally.
When you buy a US MADE Sproingfield, IN THEORY, they also guarantee their work, but in the real world, their repair service SUCKS BIG TIME. You will wait MONTHS for a repair, and may have to send the thing back several times for another go around, till the highly paid US "?CRAFTSMEN?" get it right. Don't believe me? Go on any US M-14 forum and read the litany of SA "quality control" stories.
The ONE and only real advantage of the SA built rifle, is that you can take it down into the US for matches, and you can't do that with a Chinese built rifle.
But this is more about protectionary US laws protecting decadent US industries that are simply uncompetitive in todays world markets, than it is about ensuring "quality".
So you tell me,
why would anyone pay THAT MUCH more for the priviledge of owning a GENUINE made in the US fiream?
PS: If you are typing your e-mails on a IBM computer newer than three years old, then you are working on a CHINESE built computer. That's right folks ... good ol' IBM [ the epitomy of US Capitalism ] gave up trying to compete with the Chinese on the hardware side of their businerss, and sold it to the Chinese.
No wonder the US economy is in such trouble ... the Chinese own most of it, and could pull the plug any time it suited them by merely converting their US dollars into Gold or Canucklehead bucks.
Wait a minute ...
maybe that is their long term plan after all??
TINFOIL HAT TIME
[ Moderator please don't mistake this for RACISM as I am {probably} just kiddin']
I am not worried about Chinese "?communist?" slave labor so much as I am about these so called "communists" out finessing the US at the Capitalist game.
I think the US has already lost the war on terror, and effectively lost WW III, which it turned out was fought, not with nukes, but with the other favorite weapon of the US, $$$$$.
OOPS,
it is too late for our generation,
but you might still have time to sign your kids up for Mandarin classes ...
or else they won't be getting any promotions from their new Chinese bosses.
So enough with the Chinese bashing ...
since you are most likely doing it on a Chinese built computer, I wouldn't be a bit surpised if the clever little yellow devils hadn't built in a hardware Trojan Horse system to keep track of people like you. Who knows ... maybe they already have your name on a list?
[;{)
LAZ 1
As Lazerus pointed out, check out your electronics...China, Taiwan or Korea.
You want the quick-go-easy computer?.... you are probably a Dell(the other universal computer brand after IBM decided not to bother with hardware for personal users) computer zombie...in which case, you own chinese made laptops and PCs.
You want the quick-go-easy computer?.... you are probably a Dell(the other universal computer brand after IBM decided not to bother with hardware for personal users) computer zombie...in which case, you own chinese made laptops and PCs.
