Posted at 11:27 a.m., Tuesday, June 25, 2002
Maui Pineapple wins tariff exemption
Advertiser Staff
Maui Pineapple Co. has won a federal steel tariff exemption that will save the Kahului-based company $2.3 million over the next three years in pineapple canning costs.The company imports steel from Japan to can pineapple at its Kahului factory, the last such canning operation in Hawai'i. Maui Pineapple Co. officials had said the tariffs could have driven the 1,000-employee company out of the canning business.
The federal government has granted more than 150 exemptions from broad global tariffs, passed this winter, designed to protect the American steel industry from low-priced competition.
Maui Pineapple Co. is a subsidiary of publicly traded company Maui Land & Pineapple, which is controlled by AOL-Time Warner chairman and Punahou School graduate Steve Case.
