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For years Hasbro Inc produced most of its toys and games out in China then a few years ago they shifted to factories in Vietnam, partly due to increase labour costs in China, and now it looks like they are moving again but this time to India.  According to an article published on The Wall Street Journal on January 6th Hasbro are looking at India as a solution to Vietnam becoming saturated with factories.

“John Leung, chairman of GFT Group Ltd., a manufacturer of Transformers, “Star Wars” and other toys for Hasbro that is based in China’s Guangdong province, said he plans to start producing soon from a rented factory in Chennai.

Eight years ago, GFT shifted much of its production from China to Vietnam, where today the company’s workers earn around $215 a month, less than Chinese counterparts’ salaries. But Vietnam is quickly becoming saturated with factories, Mr. Leung said.

“In the next eight to 10 years, Vietnam will be finished,” he said. He said Hasbro, based in Pawtucket, R.I., had urged him to set up shop in India.”

Credit to TFW2005.com for the news

Category: Toy Industry News | Submitted by: quartz - on: Wednesday, 27th January 2016 at 08:24:06 GMT | Share: | Discuss: Read on

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