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Post by Gunman_sr5 on Nov 6, 2007 23:14:45 GMT -5
CHARACTER GOODS/BUSINESS : Major toy maker Takara Tomy (Tomy Company Ltd) announced to have a massive reduction to its production line in China.A newspaper article reported by the Sankei Newspaper on October 31, 2007, told Takara Tomy (Tomy Company Ltd) has announced to undergo a massive reduction to the production quantity of toys made in China. The decision was made taking many of the toys were found with excess amount of lead and other harmful substances above the inclusion criteria, thus caused distrust over the safety of toys produced in China. Currently, Takara Tomy has 90 percent of its toy production (based on value) in China, but it aims to shift the number of toy productions outside China to increase up to 60 percent in other Asian countries such as Thailand and Vietnam in three years time. Another reason behind the shift of its production line to such countries is because of the rise of labor cost in Guangdong, China, due to lack of labor power.
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