University of Phoenix
Riordan Manufacturing; One Riordan Plaza; San Jose, California; 95112; (408) 555-0157 (University of Phoenix, 2009).
The company was founded by Dr. Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates. Sensing the commercial applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991 (University of Phoenix, 2009).
Initially, the company's focus was on research and development and the licensing of its existing patents, but in 1992 Dr. Riordan obtained venture capital which he used to purchase a fan manufacturing plant in Pontiac, MI. At that time, the company's name was changed to "Riordan Manufacturing, Inc." In 1993, the company expanded into the production of plastic beverage containers when it acquired a manufacturing plant in Albany, GA (University of Phoenix, 2009).
The company's most recent expansion took place in 2000 when it opened its operations in China. At that time, the entire fan manufacturing operation was moved from Michigan to China and the Pontiac, MI facility was retooled for the manufacture of custom plastic parts (University of Phoenix, 2009).
Riordan Manufacturing Inc is an industry leader in the field of Plastic Injection Molding. They create innovative plastic designs using state-of-the-art designs that have earned international acclaim (University of Phoenix, 2009).
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion (University of Phoenix, 2009).
Riordan Manufacturing will encounter many economic influences, however, interest rates, inflation rates...