• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Toray Textiles in to Mansfield

Extracts from this document...

Introduction

Economic TORAY TEXTILES INTO MANSFIELD Case Study of * What is Toray? * Why Mansfield? * How does it benefit local community? * The multiplier effect. * Factors involving the choice of a work site Toray Textiles - Key facts : * Established in Japan in 1926. * Owns over 60 branch plants - Asia, North America, Europe, making company name recognised worldwide. * Plants include: Italian artificial suede manufacturer, French carbon fibre manufacturer. * Sales offices located in Milan and Frankfurt. Why Britain? * Close link with Marks & Spencer - provides a good product outlet and can supply new designs at short notice. ...read more.

Middle

* 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 motorway 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 nearby - worldwide reputation for textiles. * High water table in area - vast quantities required for bleaching and dyeing. * Unemployed miners well qualified in safety practices - an area upon which Toray places great importance. ...read more.

Conclusion

* Has seen a revival in textile manufacturing. * Has prevented the need to import fabric from abroad. Multiplier effect: * New employees have more money to spend, creating work in tertiary employment i.e. services, shops, tourism, banking, housing and education. * If Toray is successful, other companies may be encouraged to locate in the area. Factors involving the choice of a work site: * Accessablity to a good infrastructure. * Opportunity to set up on a greenfield site. - less cost and the opportunity to expand. * Level of unemployment - competition for vacancies * Prejudices for/against a particular area, for example the North/South divide in certain areas * Tradition of use of technology. * Political situation - a particularly shaky situation may cause people to boycott i.e. South Africa in 1970's and 80's ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Macroeconomics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Macroeconomics essays

  1. Governments set economic objectives - Discuss the relative importance of each of these objectives ...

    For example, typical use of supply side policies has few large impacts on the economy which could offset another economic objective. Full employment was considered very important after the Second World War. It was probably the number one objective of the socialist government of the late 40s and continued to

  2. Comparing the effects of immigration on GDP in Malaysia, Japan and South Africa.

    It can be because many people are unemployed during 2001 as the unemployment level was 5.81%, therefore they find it hard to survive which lead them to do crimes such as thefts and robberies in search for money. As for the following years, the crime rates keep declining as the unemployment level was also decreasing.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work