SOLO World Partners’ Riverview, MI Facility Achieves Foreign Trade Zone (FTZ) Designation
Riverview, MI – 29-JAN-2013– SOLO World Partners is proud to announce that its Riverview, Michigan facility has been officially approved as a Foreign Trade Zone (FTZ). This designation marks a significant milestone in SOLO’s mission to provide cost-effective, efficient, and streamlined global supply chain solutions to its valued customers.
The Foreign Trade Zone program, established by the U.S. government, allows businesses to defer, reduce, or eliminate certain customs duties and taxes on imported goods while they are stored, processed, or distributed within the FTZ. This status provides a strategic advantage for companies looking to optimize their supply chain operations, reduce costs, and enhance global trade competitiveness.
With the newly designated FTZ facility in Riverview, SOLO World Partners’ customers will benefit from:
Duty Deferral & Elimination – Businesses can delay paying import duties until products leave the FTZ for domestic use or eliminate them entirely if goods are re-exported.
Improved Cash Flow – The ability to defer duties means companies can allocate capital more effectively, reducing financial strain.
Reduced Merchandise Processing Fees (MPF) – Consolidated customs entries can significantly lower transaction costs.
Supply Chain Efficiency – Expedited customs clearance and streamlined logistics enhance operational efficiency and reduce bottlenecks.
Security & Compliance – FTZ facilities operate under U.S. Customs and Border Protection (CBP) supervision, ensuring heightened security and compliance with trade regulations.
“Achieving FTZ status at our Riverview facility represents a major step forward in our commitment to providing cutting-edge logistics and supply chain solutions,” said [Spokesperson’s Name], [Title] of SOLO World Partners. “This designation enables us to offer our customers even greater financial and operational advantages in their global trade strategies.”
The FTZ approval underscores SOLO World Partners’ dedication to continuous improvement, innovation, and customer-centric solutions in global logistics. Businesses looking to take advantage of the FTZ benefits at SOLO’s Riverview facility are encouraged to contact the company for more information.
About SOLO World Partners SOLO World Partners is a leading provider of global supply chain solutions, specializing in international trade, logistics, and customs brokerage. With a strong commitment to innovation and customer success, SOLO delivers tailored solutions to optimize supply chain performance and reduce costs for businesses worldwide.
