Import factory closing?

AcornHouse

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This was posted on FB.

Screenshot_20240422-155636~2.png
 

SFIV1967

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That’s surprising. @SFIV1967 Maybe knows more?
I don't know anything about this yet. But I guess Johnny Cola knows as he knows what is going on with Reverend. So it is well possible that SPG Musical Instruments Co., Ltd. has ceased production. Their webpage disapeared already early 2022. I wasn't able finding anything on Korean pages yet. That impacts a number of brands.

Ralf
 
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GGJaguar

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The Gretsch Electromatic series was made by SPG, but production was moved to China in 2022. Maybe that hurt SPG's bottom line significantly.
 

jp

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I wouldn't be surprised if the production for previously made SPG Guilds is moved to Yamaha's current resources. That means China and Indonesia for guitars at the predictable price points. It would be the smart financial move.

It's also worth considering that maybe Yamaha might also produce higher-end models in Japan like Gretsch did. It's cool to see that Yamaha already has the Revstar Professional series which is Made in Japan, especially since they have some well-known players like Chris Buck and the amazing Matteo Mancuso.

It would be uplifting to see certain Guild electrics elevated in status again, just as Fender did with them.
 

GAD

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I wouldn't be surprised if the production for previously made SPG Guilds is moved to Yamaha's current resources. That means China and Indonesia for guitars at the predictable price points. It would be the smart financial move.

It's also worth considering that maybe Yamaha might also produce higher-end models in Japan like Gretsch did. It's cool to see that Yamaha already has the Revstar Professional series which is Made in Japan, especially since they have some well-known players like Chris Buck and the amazing Matteo Mancuso.

It would be uplifting to see certain Guild electrics elevated in status again, just as Fender did with them.

As much as I'm for bringing back US production of electrics, I'd LOVE to see what Japan could do. I have owned some Japanese guitars from Gretsch that were magnificent. In fact I still have three Japanese Jacksons that I favor over almost every US Jacksons I've played.
 

bobouz

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The three Terada-Japan made Epiphones I own are finely crafted instruments. It would be wonderful to have Guild partner with them, but prices would have to reflect that level of quality & would invariably be well north of their current electric offerings.
 

GGJaguar

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have a plan, or a backup plan.
The easiest alternative would be moving production to Samick in Indonesia since they already make the Starfire I series of archtop guitars. They could also go to Yako in China where Guild has a contract to build the Aristocrat HH and P-90 models. While these aren't archtops, Yako has been building the Gretsch Electromatic line of archtops since 2022 so they have the capability to make Guild archtops. I think the issue is capacity. Can Samick or Yako fit the Guild Newark Street line into their production and, if so, when? It takes some long-term planning so it might a year or two before that could happen. But if Guild knew this was coming, they could already have started the process of moving production. Or not... and then a big chunk of the Newark Street line gets discontinued. Bottom line - we'll have to wait and see what happens unless we get some insider info.
 

chazmo

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we'll have to wait and see what happens unless we get some insider info.
Exactly. Sadly, I don't expect we're going to get that though.

This is just more grist for the rumor mill. It definitely seems (a.k.a. rumor) that Guild is moving Newark Street production out of Korea and into Indonesia. A bunch of us have made that well-founded conjecture for at least three months now, and I don't see anything to the contrary.
 

jeffcoop

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Apologies for the stupid question, but which Newark St. models have been made in Korea recently. Am I wrong in thinking that a number of them were already being made in China and/or Indonesia?
 

chazmo

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Apologies for the stupid question, but which Newark St. models have been made in Korea recently. Am I wrong in thinking that a number of them were already being made in China and/or Indonesia?
I think Indonesian models started with the Surfliner a couple of years ago, Jeff. I'm not sure exactly what's coming out of Indonesia right now, but the Starfire I certainly caused confusion and a price war with the Starfire IV and V coming out of Korea...

Anyway, you're not wrong.
 

GGJaguar

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Newark St. models have been made in Korea recently. Am I wrong in thinking that a number of them were already being made in China and/or Indonesia?
China - Jetstar (discontinued), Aristocrat HH, Aristocrat P-90

Indonesia - Surfliner, Surfliner HH, and Surfliner Deluxe, Polara Deluxe Bigsby (discontinued), Polara Limited (discontinued), Polara, Polara Deluxe, Polara Night Edition, Kim Thayil Signature, Starfire I SC, Starfire I DC, Starfire I-12, Starfire I Jet 90, Starfire I Bass
 

jp

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Exactly. Sadly, I don't expect we're going to get that though.

This is just more grist for the rumor mill. It definitely seems (a.k.a. rumor) that Guild is moving Newark Street production out of Korea and into Indonesia. A bunch of us have made that well-founded conjecture for at least three months now, and I don't see anything to the contrary.
This doesn't surprise me, and I assumed this was going to happen.

I do hope that Yamaha will test drive some mid-price point MIJ Guild electrics to see how well they do in the market, especially artist models. It seems like a huge opportunity that's never really been truly explored by Guild before outside of a few lone models like the Kim Thayil S-100.
 

chazmo

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This doesn't surprise me, and I assumed this was going to happen.

I do hope that Yamaha will test drive some mid-price point MIJ Guild electrics to see how well they do in the market, especially artist models. It seems like a huge opportunity that's never really been truly explored by Guild before outside of a few lone models like the Kim Thayil S-100.
The Guild-6 Polariax S-100. Kim Thayil's next endorsement.
 
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