Running head: RIORDAN MANUFACTURING, INC. FINANCIAL STATE AND
Riordan Manufacturing, Inc. Financial State and Accounting System
University of Phoenix
Riordan Manufacturing, Inc. Financial State and Accounting System
Riordan Manufacturing, Inc, a global plastics manufacturer, has 550 employees. It has projected annual earnings of $46 million. Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion wholly owns Riordan Manufacturing, Inc. Research and development is currently being completed at the corporate office location located at One Riordan Plaza, San Jose, California, 95112. They can be reached for questions at (408) 555-0157 (Apollo Group, Inc, 2006). This paper examines the financial state and organizational state of Riordan Manufacturing, Inc., and the influences impacting the company and proposals that might aid the company in positioning itself for the coming decades.
In 1991, Dr. Michael Riordan founded Riordan Plastics, Inc to further his research, development, and licensing of existing patents for processing polymers into high tensile strength plastic substrates. After obtaining additional financing, he acquired a fan manufacturing plant in Pontiac, MI and changed the company’s name to Riordan Manufacturing, Inc. following the purchase of another manufacturing plant in Albany, GA; the company started producing plastic beverage containers in 1993. Since this expansion, the company, in 2000, moved its complete fan manufacturing operation to China. In addition to this move, Riordan Manufacturing, Inc retooled its Pontiac facility to manufacture custom plastic parts (Apollo Group, Inc, 2006).
Economic Influences
Every company is affected by economic influences and Riordan is no exceptio ...