Picture: Dan Haar/Hearst Connecticut Media
Immediately after buying the Craftsman line of tools in 2017 from bankrupt Sears Holdings, Stanley Black & Decker designs to open up a new production plant in Fort Worth, Texas.
Stanley Black & Decker is based mostly in New Britain, with the company possessing 30 production crops in the United States and 70 additional abroad, using about 60,800 men and women coming into this yr.
The new Craftsman facility will employ 500 men and women, with Stanley Black & Decker anticipating completion of building in late 2020 and Craftsman’s yearly gross sales topping $1 billion by 2021.
“We have been identified to revitalize this legendary U.S. manufacturer and deliver again its American production heritage,” claimed Stanley Black & Decker CEO Jim Loree as quoted in a Wednesday push launch. “From the launch of (Craftsman’s) refreshed manufacturer identity last 12 months to our announcement of the first new production facility in quite a few many years, we’re demonstrating our continued dedication to increase the brand name and carry even more manufacturing of these terrific products and solutions back to the United States.”
Very last month, Stanley Black & Decker opened the “Manufactory 4.0” heart in Hartford to concentrate on building sophisticated production tactics and coaching.
Incorporates prior reporting by Dan Haar.
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