Toray Textiles Into Mansfield :: Trade Textiles Consumerism Essays

Toray Textiles Into MansfieldCase Study of- What is Toray?- Why Mansfield?- How does it benefit local alliance?- The multiplier effect.- Factors involving the choice of a work siteToray Textiles - separate facts - Established in Japan in 1926.- Owns over 60 subdivision plants - Asia, North America, Europe, making company name recognised worldwide.- Plants include Italian artificial suede manufacturer, French carbon fibre manufacturer.- Sales offices determined in Milan and Frankfurt.Why Britain?- Close link with Marks & Spencer - provides a slap-up product outlet and can supply impudently designs at little(a) notice.- Turnover expected to be over 80 million pounds from new plant in Mansfield.- Japan has become too expensive as a manufacturing base for a product so technically unadvanced.- E.C. rules put forward that, unless 60% of any product is made in E.C. by E.C. registered employees, wherefore the product is subject to import duty in the form of specie or commis sion, or by limiting the amount of the product change (tariffs/quotas).- Productivity higher than in Japan and U.S.A.- Automation higher than in Japan and U.S.A.- Less training required.- High unemployment rates.- Longer working week.- No minimum wage or legal paid holiday.Why Mansfield?- mainline inter-city rail link to London and Birmingham making big cities more accessible - products can be sent for sale more easily.- Accessible to the M1 and U.K freeway networks - access to buyers and channel ports - easier imports and exports.- High unemployment - not only will vacancies be filled but there is competition - workers could accept lower wages.- Nottingham is near - worldwide reputation for textiles.- High water table in commonwealth - vast quantities required for bleaching and dyeing.- Unemployed miners well qualified in rubber eraser practices - an area upon which Toray places great importance.- Potential to set up and expand onto a green field site - lower costs.How does it benefit local community?- Low unemployment.- Higher prestige for area - more publicity.- Tourism - created by publicity - brings in money etc.- Helps relieve pressures on council subsequently large numbers of redundancies from the flop in the mining trade.How does it benefit the U.K.?- elucidate benefit of 50 million pounds to U.K balance of trade.- Has seen a revival in textile manufacturing.- Has prevented the need to import fabric from abroad.Multiplier effect- reinvigorated employees have more money to spend, creating work in tertiary