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Article: Homecoming king: company brings operations back from China.(American Poly Bag Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
EIGHT years ago Scott Magardichian joined the exodus of American manufacturers setting up shop in low-cost China.
This year, he's at the unlikely vanguard of business owners returning to U.S. shores.
Magardichian, chief executive of polyethylene bag manufacturer American Poly Bag Inc., is adding employees and increasing production at the company's Azusa headquarters--at the same time he's cutting back at his Shanghai factory.
It's an action he never figured he would take. But with the rising costs of Chinese labor and trans-Pacific shipping--which is linked to oil prices--the once overwhelming cost advantage of ...