Mattel To Recall 18.2M More Toys Made In China
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Mattel Inc., the world’s biggest toymaker, is recalling Chinese-made products for the second time in two weeks on concerns that children will swallow magnets attached to the toys.
The recall includes 18.2 million Barbie, Polly Pocket, Batman, and Doggie Day Care toys with magnets, the El Segundo, Calif.-based company yesterday in a statement. Mattel also removed 436,000 die-cast vehicles with lead paint. Mattel called back more than 20 million toys this month, and the company may have to find new sources of low-cost goods as China struggles to repair its reputation as an exporter. Mattel is pulling toys off shelves going into the holiday season, which accounted for 69% of 2006 sales.
“It’s never a good time to have a recall,” a manager of $14.9 billion, including 4.3 million Mattel shares, at Chicago’s Ariel Capital Management LLC, Bob Goldsborough, said. “It’s very embarrassing, and it means a lot more work.”
