By Denny Jacob
Massimo Group is bolstering its domestic production and looking at partnerships in Vietnam in an effort to diversify its supply chain ahead of a potentially prolonged trade war.
The manufacturer and distributor of powersports vehicles and pontoon boats said it's transitioning production of a golf cart series to a facility in Garland, Texas.
It wasn't immediately clear where Massimo was moving production of the golf cart series from. A representative for the company wasn't immediately available for comment.
Massimo said it's also exploring strategic partnerships in Vietnam as it looks to mitigate potential cost increases from tariffs affecting imports from China.
"Bringing production to our Texas facility strengthens our supply chain, enhances quality assurance, and positions us competitively in the U.S. market," said Chief Executive David Shan.
President Trump on Monday announced 25% tariffs on imports of steel and aluminium to the U.S. with no exceptions for allies such as Canada, Mexico, Japan and South Korea. The measure came shortly after Trump imposed 10% tariffs on all Chinese goods--in addition to previous tariffs--and threatened 25% tariffs on Canada, Mexico and Colombia before reaching deals with their governments.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 11, 2025 09:42 ET (14:42 GMT)
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