Western Nebraska Company Receives Foreign Trade Zone Approval
Adams Warehousing is pleased to announce that it has received approval as an activated general purpose foreign-trade zone warehouse in Sidney, Nebraska. This will provide an option for storage of metals, bulk products, and other imported products in a foreign-trade zone which is outside the U.S. Customs territory. Benefits of the zone include the deferral of Customs duties on imported items stored in the United States and avoidance of U.S. Customs duties for products that are exported from the United States. This can lower the cost of production for a company that makes products in the United States so they can better compete in the global economy. The company has outside FTZ space available for larger industrial products as well as indoor warehouse FTZ storage options.
The U.S. Department of Commerce Foreign-Trade Zones Program is intended to create or retain jobs in the United States by supporting local business that are engaged in the international market in international trade. The Foreign-Trade Zones Board approves the designation of FTZ sites in the United States. The sites are then activated for use and approved by the U.S. Customs and Border Protection.
Adams Industries Industrial Park consists of 800+ acres of TIF approved industrial zoned property, 600,000+ square feet of indoor storage, 70,000+ linear feet of rail capable of handling both manifest cars and unit trains served by both BNSF and UP Railroads and our own fleet of trucks to handle our customers’ needs.
Adams Industries is a family-oriented organization dedicated to the well-being of our employees and service to our customers and community. Our team designs and implements optimal supply chain solutions for the specific needs of our customers and commercial tenants. Investing in talented individuals and taking on new opportunities stimulates our innovative and entrepreneurial spirit. We value a culture of continuous improvement and supply chain excellence to achieve strong, sustainable, long-term growth for both Adams Industries and our customers. For information regarding the zone, please contact Adams Warehousing by telephone at (800) 525-6958, or 1655 Industrial Avenue, Sidney, NE 69162.