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Stanley Black & Decker has issued an investor press release, saying that they will be opening a new Craftsman factory in Fort Worth, Texas.
The new Craftsman tool plant will break ground this summer and is expected to be completed in late 2020. With the new 425,000 square foot facility, Craftsman is following through on their promise to produce more tools in the USA.
The factory will manufacture Craftsman mechanics hand tools, including sockets, ratchets, wrenches, and tool sets.
Stanley Black & Decker says:
The plant will also leverage some of the most advanced manufacturing technologies available to optimize productivity and sustainability, including pre-flattening steel technologies to improve material yield by almost 25 percent, as well as water and energy management technologies to reduce resource consumption.
The Wall Street Journal is reporting that robots and fast-forging presses will contribute to the boosted output, with the 25% figure being in comparison to “older forging machinery” currently producing Craftsman wrenches in China. They also say that production costs will be “in line” with the tools currently being made in China.
Stanley Black & Decker says that the new Fort Worth, Texas Craftsman plant will employ around 500 people. The WSJ article reports that the plant is expected to produce 10 million Craftsman wrenches and ratchets, and 50 million sockets a year.