New Craftsman plant headed for Texas
Stanley Black & Decker plans 425,000-square-foot Fort Worth facility.
Stanley Black & Decker announced that it is expanding its U.S. manufacturing efforts with a new Craftsman manufacturing plant in Fort Worth, Texas.
Groundbreaking for the 425,000-square-foot facility will take place in summer 2019, and the plant is expected to be completed in late 2020.
The new plant in Fort Worth will manufacture a wide range of Craftsman mechanics tools, including sockets, ratchets, wrenches and general sets.
The New Britain, Conn.-based company also said that the new Texas plant will leverage some of the most advanced manufacturing technologies available. This includes optimizing productivity and sustainability, including pre-flattening steel technologies to improve material yield by almost 25%, as well as water and energy management technologies to reduce resource consumption.
The Fort Worth plant will employ approximately 500 full-time employees to support the facility.
“When we purchased Craftsman in 2017 we were determined to revitalize this iconic U.S. brand and bring back its American manufacturing heritage,” said Stanley Black & Decker President and CEO Jim Loree. “From the launch of Craftman’s refreshed brand identity last year to our announcement of the first new manufacturing facility in many years, we’re demonstrating our continued commitment to grow the brand and bring even more production of these great products back to the United States.”
Stanley Black & Decker purchased Craftsman in 2017 and launched a refreshed brand identity in August 2018, unveiling more than 1,200 new products. The brand is now on pace for an accelerated growth trajectory to reach $1 billion in incremental revenues by 2021, Stanley Black & Decker said.
“This new plant will also be the latest in our network of manufacturing facilities – one that uses state-of-the-art manufacturing technologies and demonstrates our commitment to becoming one of the world’s leaders in advanced manufacturing,” Loree said.
Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the United States, with more than 100 manufacturing facilities globally.
The company has five locations that have started implementing advanced Industry 4.0 technologies across their facilities, from manufacturing execution systems (MES), to 3-D printing, virtual reality and artificial intelligence.
Last month, Stanley Black & Decker also opened a new 23,000-square-foot Advanced Manufacturing Center of Excellence, called Manufactory 4.0, in Hartford, Conn. The facility is the focal point of the company’s global Industry 4.0 “smart factory” initiative, housing a team of approximately 50 Industry 4.0 experts focused on accelerating the company’s adoption of advanced manufacturing technologies and building upskilling programs to help prepare the company’s workforce for today’s digital-led manufacturing environment.
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