Stanley Black & Decker will open an Advanced Manufacturing Center of Excellence in downtown Hartford, Conn., to accelerate its Global Industry 4.0 "Smart Factory" initiative.
Called "Manufactory 4.0," named after the original Stanley Bolt Manufactory founded in 1843, the 23,000-sq.-ft. center will be located at One Constitution Plaza and will employ approximately 50 “industry 4.0” professionals.
The company has appointed Sudhi Bangalore, most recently WIPRO's global head of Smart Manufacturing and Industry 4.0 Solutions, to lead the center. The company is also launching an additive manufacturing accelerator with Techstars that will be housed at the new facility.
Manufactory 4.0 will serve as the epicenter for the latest technologies and processes with respect to Industry 4.0, according to Don Allan, CFO for Stanley Black & Decker.
“Just as Connecticut was at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, we believe that the state has the potential to be a leader for what is often called the Fourth Industrial Revolution — the automation of manufacturing that includes the internet of things, cloud computing, artificial intelligence, 3-D printing, robotics and advanced materials,” Allan said.
"Strong urban cores, and in particular a vibrant capital city, are essential to Connecticut's ability to thrive which is why we decided to locate this important new initiative in Hartford," said Jim Loree, Stanley Black & Decker's president and CEO.
"Our team has worked closely with Mayor Bronin's office, and we are excited to be a part of building a vibrant, strong capital city,” Loree said. “With the budget now passed, the hard work can begin to solve some of the state's structural fiscal challenges and put the state on a more sound economical path. We cannot lose the sense of urgency and must recognize that the state is at a critical juncture. As a company founded in New Britain, Conn., almost 175 years ago, we have expressed our commitment from a social responsibility perspective to being part of the solution."
Bangalore will serve as Stanley Black & Decker's VP of Industry 4.0, reporting to Allan. Prior to serving in his current role at WIPRO, Bangalore was the company's global practice head for industrial automation. He has held operations and business unit manager leadership roles across a number of technology companies, including Danaher Corporation, Siemens, and Rockwell Automation.
Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the U.S., including three in Connecticut, with more than 100 manufacturing facilities globally.