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Published: Thu, 1 Oct 2009
Description: Farouk Systems Chairman Farouk Shami on hiring more workers in the U.S.
Automatically Generated Transcript (may not be 100% accurate)
" About -- how we -- hold a -- fact that it affects. Good to liquidity and safety and getting good golf stuff that I -- my sleep thanks very. She made in the USA. You don't you don't see that often where they move from China back to the US for safety reasons not -- you know all about this that you say no. Proper hair stylist as is without one of the top hair stylists used -- see that's all Allison Fox Business are telling me but it has been just over a month since -- shot me moved most of his company's manufacturing. Of these hair dryers these partners he's curlers. Right to the United States the signature ceramic flat irons -- were being made in China but he's moving out of the home state of -- incredible move."
" Get back to the US are actually into the USA for the first time for a says. He is passionate about creating jobs right here and he's looking to expand and hire. More employees joining us now from Houston with -- an update on his billion dollar company for root systems. We welcome Farooq -- great to see if -- thanks for being here appreciate it. Thank you very much thank you live thank god I could not get -- India today so I appreciate. What you say -- well everybody's always talking about how cheap it is to manufacturing chiding you won't get a better deal anywhere in the world but you said forget about it we're going to be manufacturing. In the USA why did you move here from overseas."
" Well lots of -- then you know we need to stimulate the economy that's mumbo -- They that had lots of come to understand and know of respectful of intellectual property inside. So we've made his position in a year and a half humble. And actuality we thought it manufactured in from the beginning of this year. And we beat the map. That China is cheaper we cap would do is. Our two of the key odd and -- dryers and it's a stock all of it now. We will expand our manufactured in to do all the tools made in enough states of America. And Houston and that says well welcome us this -- we ought to open. Fact that is it to expand and employ people to stimulate the economy to stop -- count that yet. And again I say we beat the price it's -- math. I hope all compound is all business people that -- new facts have all thought United States. They couldn't the confederation. How to do it we ought to good example how do we need cheap labor that is simple. By advanced medical technology. That's what we did and that's what we -- account on I had the -- that some way to stimulate our economy. I do always do we see a price hikes down the line to enable us to be able to bring this company back to Houston back to America act at city OK not that's a promise from me I'm from -- system we will not today's prices. We will compete. Bed with the prices of China. And how do we compete -- much better quality not today then the prices. Yes that they have this -- some how are and we pay a dollar the minimum plus health care. We are thought to a lot of employees but what we'd be dead. You're not going to be it did give a short story I said sixteen people to China electronic exports. And I thought that these -- there see what they do in a make sure that's not what we do what you come back and that's exactly what we get we hired. The best NASA expired and we advance that technology. We went they get help we have lift neighbor in his -- of seventeen people I have fifteen people on the line. That -- excellent quality control all of that assurance that image volume not states of America -- many a fact that it unites states of America. And we don't business and 106 confidence and imagine if they have they choice to Biden made an America ought to made in China Blagojevich was on this well."
" Who wrote I -- actually -- hiring Americans you have our our company that is wrong with minimal if any -- I don't know if you have any dead in your company on told you don't. You were right model you were in many ways you are -- model business your privately held we should mention but. You pride yourself on that example is one that not only private business could fall but perhaps even the government and for that reason you're thinking about running for governor."
" Of Texas tell us about that could -- it. And I've -- exploring situation it out really. I had a good American citizen and government a couple of -- have prevented people. I'm not see and that eloped in Texas and tomorrow you know we did put on the government as a business we want to make sure. That we have jobs and then having jobs that is all lots of issues that we've spoken about. I think comedy is that the -- all over the country we've -- and so much Bob Dole can't. It's thoughtful action guide its bottom floor action you know we need to create jobs we need to bring jobs back from. All moment the words -- get back to -- states of America but. Policy makers have all put that they Chan and cutting implementation and its president and that is ruled what they do it to -- They've put in policy is that I'm not fit for the day we need on evaded comprehensive school here on policy as. That deals with the today of the future. Not appointed you know the bandage on things that's what -- well that's really encourage and made to think. About the money from the government as a Democrat running for every problem of Texas. For the first time and and make ground and it took that nor was spotted from the vehicle and got an eight billion dollar company. Not everybody can do that you know if they have really pulled them might do that that we need as a government we need to book incentive. But in all -- hide Jews you know put people you know to come back to."
" And -- you're not gonna we're not going to have to hire any speech writers because you don't need to -- you did get a good price euros means that we -- broke I'm afraid we've run out of time but I got to tell you you have to watch. Fox Business tonight at 7 AM eastern time because yeah. -- is 7 PM eastern time Rick Perry the current governor of Texas and I've told a friend of yours the guy who you may be running against. Will be on the show scoreboard tonight 7 PM eastern time right here."
" On fox biz that's likely just announced his candidacy on our -- pretty darn close Eric Shawn yeah is that. A Palestinian immigrant who was a hairdresser making a billion dollar company out of this bringing jobs back hiring a lot of Americans yup good."
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