Re: Mattel recalling more Chinese-made toys
Posted: Wed Sep 05, 2007 12:00 pm
I went to a construction manager's association meeting back in May. One of the main speakers was the vice president in charge of new facilities for General Motors. Basically he said he needed prices for construction projects in the U.S. to come down if he was to build new factories in North America instead of China. So if he could build a plan in here for 150% of what it costs to build it in Asia, he would do it, otherwise, he's building it overseas. We're talking $1 billion car factories, so that extra $500 million would go to the transportation of the new vehicles, etc. The workforce is probably a lot cheaper too, not to mention less safety standards needed in the factories themselves. I thought the guy was a prick, but what do I know. You could imagine what kind of money the toy companies are making by having their factories over there.