Business Law Week 6

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Date Submitted: 05/09/2011 05:40 PM

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Riordan Manufacturing

Dr. Riordan, who is a professor of chemistry, founded Riordan Manufacturing. He obtained several patents relative to the processing polymers into high tensile strength plastic substrates. In 1991, Dr. Riordan started Riordan Plastics, sensing that the commercial applications for his patents were becoming needed (University of Phoenix, 2004).Beginning in San Jose California, corporate headquarters focused on research and development and the licensing of its existing patents. In 1992, Dr. Riordan obtained venture capital, which Dr. Riordan was able to purchase a fan manufacturing plant in Pontiac, Michigan. When the second plant was purchased, the name of Riordan Plastics was changed to Riordan Manufacturing, Inc. Looking around for other plants, Dr. Riordan went to Albany, Georgia and discovered other manufacturing plants. At this time, Dr. Riordan expanded and turned the Albany plant into the production of plastic beverage containers (University of Phoenix, 2004).

In 2000, Dr. Riordan expanded again when the company decided to manufacture overseas in China. When this happened, the fan manufacturing operations was moved to China from Michigan and the Michigan facility was retooled for the manufacture of custom plastic parts (University of Phoenix, 2004).As of today, Riordan Manufacturing is a global plastics manufacturer that employs 550 people and has projected annual earnings of $46 million dollars. A Fortune 1000 enterprise and with revenues in excess of $1 billion dollars, Riordan Manufacturing is wholly owned by Riordan Industries (University of Phoenix, 2004).

The mission of Riordan Manufacturing is to keep focused on the Six Sigma, leading edge R&D and exceeding ISO 9000 standards define the attitude and abilities of Riordan Manufacturing. Riordan is the industry leader in using polymer materials to provide solutions to client’s challenges and R&D is, and will remain, the industry leader in identifying industry...