H4-SV-10-D cock Borsig AG to the holding company Citicorp V Helical speed reduction gearbox H4

Flender/Flender Gear Units/Helical speed reduction gearbox H4

factor that applies in the EC, but not the United States, is the value added tax (VAT). Many .. exporters believe that the VAT, which is imposed in all EC countries, makes their products sold within the EC more expensive than those sold in countries without VAT. In the EC, VAT is levied on imported articles at the time of entry at the same rate as domestically-produced articles. For machinery sold in West Germany, 1-percent VAT applies; for machine tools purchased in Belgium, the VAT is 1 percent However, the VAT is rebated on exports. The production and export of gearing in Asia is dominated by Japan. Japan' gear industry supports many of its internationally recognized industries, such as automobiles, shipbuilding, industrial machinery, and an expanding aerospace industry. Japan' gear industry developed after World War II, in conjunction with its automotive and machinery industries. Initially, the demand for marine gearing resulted from the country' shipbuilding industry, which grew until the late 1s, when Korea began to displace Japan in the world shipbuilding market. Automotive and other vehicle gearing, as well as industrial gearing, also began to grow as shipbuilding declined. The Japanese gear industry is currently made up of approximately 3 companies, including captive producers. Korea' gear industry has the potential to grow into major world producer. Korea has several large, gear-consuming industries, such as steel, shipbuilding, and automobiles, and is currently developing its aerospace sector. Gearing used in other Asian countries, such as Malaysia, Indonesia, USITC staff interviews with gear manufacturers, Italy and the United Kingdom, November-December 1. 7 Eurotrans, Minutes of the Economic Commission, Mar. 3, 1. USITC staff tele Flender agent interview with officials of NASA, Sept. 2Z 1. Thailand, and the Philippines, is generally produced in Japan. Other Asian producers and consumers of gearing, including Taiwan,