FTZ SERVICES

Kanban operates the only activated, general purpose free trade zone (FTZ) in Eastern North Carolina.  Our FTZ warehouse is located in Rocky Mount within minutes of I-95 and I-40 for easy access to and from the zone.

A Free Trade Zone case study

A large maker of conveyor belts leverages Kanban’s FTZ services to improve cash flow. Raw materials arrive from Taiwan into the Port of Virginia (Norfolk) and are then shipped to Kanban’s Eastern North Carolina FTZ warehouse, where they are stored until needed at three nearby manufacturing plants. The company avoids payment of customs duties until product leaves the FTZ.  Read the full case.

Benefits of FTZ services

  • Improve cash flow. Legally, the Government considers an FTZ warehouse outside U.S. Customs territory. Customs duty and excise taxes are due only at the time of transfer from the FTZ.
  • Speed customs clearance. A summary entry and single processing fee is allowed once per week, reducing fees and paperwork.
  • Change product. Sort, clean, repair, assemble, manufacture, exhibit, sell, repack and mix products with foreign and domestic goods. All are allowed within the scope of FTZ services.

Details on Kanban’s North Carolina FTZ warehouse

Our North Carolina Free Trade Zone is located within the Kingsboro Industrial Park in Rocky Mount NC.  This FTZ warehouse offers 175,000 square feet of modern storage space with climate controlled storage space, rail siding, and a full service transload yard.

 

  Kanban Overview


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