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International relocation for Magnitogorsk Iron and Steel Works - Essay Example

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Magnitogorsk Iron and Steel Works (MMK) is currently searching for viable international relocation sites for sustaining business outside of Russia. Initial research identified several potential locations, including Durham, North Carolina, Tucson, Arizona and Manchester, New Hampshire. …
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International relocation for Magnitogorsk Iron and Steel Works
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"International relocation for Magnitogorsk Iron and Steel Works"

International relocation for Magnitogorsk Iron and Steel Works

Manchester, New Hampshire is strategically located along several rivers, which will provide lowered logistical costs in relation to the physical transportation of materials. As a focus of supply chain management, which is categorized by the physical management and movement of raw materials, finished goods, and various parts needed to run the business the city’s proximity to shipbound distribution makes this ideal for managing materials and cost. The company will be able to select transport on the Merrimack River, the Cohas Brook, and the Piscataquog River. Railroad access is also a viable alternative in the event that materials cannot be moved via waterways.

In addition, Manchester offers various properties suited for economic development, relocation assistance, financing and tax credits as economic incentives to assist revenue flow in the local region. Especially in difficult economic times, Manchester’s rather liberal assistance and incentive programs will aid in maintaining short-term profitability by avoiding high relocation costs.

Quality of life is also evident in Manchester, which will be a positive motivational aspect, from a lifestyle perspective, for any international expatriate employees who will be required to assist in developing the new American facility. As expatriate assignments are generally long-term, quality educational facilities are available for school-aged children as well as 900 acres of parks, playgrounds, swimming facilities, beaches, and ski regions. Read More
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