Power Tool Industry January 2018
Stanley Black & Decker
SB&D will soon open the Advanced Manufacturing Center of Excellence in downtown Hartford, Connecticut to accelerate their Global Industry 4.0 Smart Factory initiative. Sudhi Bangalore will become VP Industry and lead the center. SB&D is also launching a three-year partnership with Techstars, a global startup accelerator, that will also be housed at the new facility. CFO Don Allen says it will be the epicenter for the latest technologies and processes.
SB&D is opening a new manufacturing plant in Fort Mill, South Carolina, where they expect to employ 500 workers. The company will invest $31 million in the facility at the Lakemont Business Park, where they plan to manufacture and assemble cordless DeWalt power tools. The new facility will be 345,000 square feet. SB&D now operates 30 manufacturing plants in the US.
DeWalt launched their new Jobsite wi-fi access points, which utilizes a user’s existing ISP to provide wireless internet coverage on the job site. According to DeWalt, the device is made in the USA with globally sourced materials and can operate at temperatures between -4 and 122.
DeWalt celebrated the trades over the holidays, giving away tools through its #ToughTrades giveaway program targeted at professionals in woodworking, electrical and plumbing, mechanical industries, concrete and masonry, metalworkers as well as general contractors. During the ten-day program DeWalt posted clues on their Instagram page; followers could guess what’s in each prize and then come back to see the reveal. Six winners were selected through random drawings.
CEO James Loree was appointed to the board of directors for Whirlpool Corporation. Whirlpool's brands include Whirlpool, KitchenAid, Maytag, Amana and Jenn-Air, among others.
Milwaukee Tool will add a total of 660 jobs at three Mississippi locations where they’re expanding the production of cordless power tools and accessories. They’re also increasing the distribution capacity at facilities in Greenwood, Olive Branch and Jackson. The state of Mississippi is providing loans and funding job training. It’s the fourth time Milwaukee has expanded in Mississippi since 2012.
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