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Black & Decker to open U.S. plant
Posted on 1/5/17 at 2:47 pm
Posted on 1/5/17 at 2:47 pm
Stanley Black & Decker said Thursday that it would open a new $35 million manufacturing plant in the U.S. after acquiring the Craftsman tool brand from ailing retailer Sears Holdings.
About a half century ago, the Craftsman brand was primarily made in America. Today it's largely made overseas, Loree said.
"We believe this is an excellent opportunity to re-Americanize and revitalize this legendary brand," he told investors.
In addition to the threat of trade policies that could damage imports, manufacturing products in the U.S. to sell to American consumers reduces logistics and distribution costs and lowers the company's environmental footprint, Loree said.
"It makes good business sense for us," he said.
LINK
About a half century ago, the Craftsman brand was primarily made in America. Today it's largely made overseas, Loree said.
"We believe this is an excellent opportunity to re-Americanize and revitalize this legendary brand," he told investors.
In addition to the threat of trade policies that could damage imports, manufacturing products in the U.S. to sell to American consumers reduces logistics and distribution costs and lowers the company's environmental footprint, Loree said.
"It makes good business sense for us," he said.
LINK
Posted on 1/5/17 at 2:51 pm to Jbird
Just the prospect of lower taxes and reduced regulation is spurring more business. It's going to really MAGA when taxes and regulations are actually reduced.
Posted on 1/5/17 at 2:52 pm to Jbird
quote:
$35 million manufacturing plant
That doesn't sound like much of a plant.
Posted on 1/5/17 at 2:52 pm to Jim Rockford
quote:Better than no plant.
That doesn't sound like much of a plant.
Posted on 1/5/17 at 2:54 pm to Jim Rockford
Craftsman make great tools.
Posted on 1/5/17 at 3:23 pm to Jbird
Is Barry going to get credit from all this winning Trump is doing and not Pres. yet?
Posted on 1/5/17 at 3:25 pm to Jbird
Awesome, I'm super pumped about buying some marked-up drills and saws!!
Posted on 1/5/17 at 3:25 pm to stinkdawg
quote:
Is Barry going to get credit from all this winning Trump is doing and not Pres. yet?
Why not just give Black & Decker credit?
Posted on 1/5/17 at 3:27 pm to Mudge87
quote:
Awesome, I'm super pumped about buying some marked-up drills and saws!!
They're entry level or DIY'er level tools but more importantly will now provide U.S. jobs so workers can get some festool goodies
Posted on 1/5/17 at 3:28 pm to Jbird
I have a feeling that people will have the same attitude that permeated America when Reagan was president. Good times!
Posted on 1/5/17 at 3:29 pm to ForeLSU
I will but some politician will claim credit. They claim credit when the sun rises. So will it fall under Obama or Trump?
Posted on 1/5/17 at 4:01 pm to stinkdawg
quote:
Stanley Black & Decker has about 3,000 U.S. manufacturing jobs today, up 800 from three years ago, according to the toolmaker. It was not immediately clear how many jobs the company plans to add.
Obama won't brag about it in twitter though
Posted on 1/5/17 at 4:04 pm to stinkdawg
Victory has a thousand fathers.
Defeat is an orphan.
Defeat is an orphan.
Posted on 1/5/17 at 4:07 pm to Jim Rockford
quote:
That doesn't sound like much of a plant.
Well when you build the plant with you own tools, you can save that kind of cheese.
Posted on 1/5/17 at 4:08 pm to Jbird
quote:
lower the company's environmental footprint, Loree said.
I can't wait til trump gets rid of the liberal "environment" myth
Posted on 1/5/17 at 4:22 pm to Mudge87
quote:
Awesome, I'm super pumped about buying some marked-up drills and saws!!
Don't buy them.
Free market competition.
Posted on 1/5/17 at 4:23 pm to Jbird
What do you call a black woman with braces?
The black and decker pecker wrecker
The black and decker pecker wrecker
Posted on 1/5/17 at 4:33 pm to el Gaucho
quote:
I can't wait til trump gets rid of the liberal "environment" myth
Yep, in this regard, he wants to be more like China
Posted on 1/5/17 at 4:38 pm to Jbird
I would love to be a fly on the wall every time Obama hears about the latest company bringing manufacturing back to the States. You just know he is full of rage.
Posted on 1/5/17 at 5:18 pm to Dale51
quote:
Don't buy them. Free market competition.
Well that's an ironic position to take given that Black & Decker is likely making this decision in anticipation of Trump's protectionist, anti-free market trade policies.
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