Rincon Power Backs Out of California Switch Production Zone
Published Date: 2/13/2025
Notice
Summary
Rincon Power, LLC has decided to pull back its plan to start making contactors, relays, and switches at its Carpinteria, California facility inside Foreign-Trade Zone 205. This means no new production activities will happen there for now, affecting the company’s trade benefits and local operations. The change was officially requested in early February 2025, so keep an eye on future updates if you’re following this business.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Rincon Power Withdraws FTZ Production Plan
Rincon Power, LLC withdrew its plan to make contactors, relays, and switches at its Carpinteria, California facility inside Foreign-Trade Zone 205. The proposal was docketed on January 30, 2025 and the company requested the withdrawal on February 5, 2025. This means the company will not begin the proposed production activities and the related FTZ trade benefits will not take effect for now.
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