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CNBC recently featured Exxel Outdoors of Haleyville, Alabama as an economic success story because it is bringing jobs back from China. Exxel Outdoors founded in 1996 is a privately held company which currently has approximately 30% of the US sleeping bag market.Â Exxel Outdoors employees approximately 115 employees earning an average wage of $14 per hour plus health and other benefits.
Harry Kazazian, CEO of Exxel Outdoors, shared his company through investing in technology can produce a sleeping bag 3% cheeper than it can be produced in China. He futrther shared that Exxel Outdoors now has the most efficient sleeping bag production facility in the world.
Source: CNBC.com Mon. Aug. 17 2009 | 1:44 PM ET – How one U.S. manufacturing company is bringing jobs back to the United States, with Harry Kazazian, Exxel Outdoors CEO and CNBC’s Erin Burnett.