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For decades, U.S. companies have been chasing cheap labor offshore and then importing products to sell in the U.S. market. Now, Trumponomics, a broader focus on Total Cost of Ownership (TCO quantifies all relevant costs, risks and strategic factors) and advanced manufacturing together have the potential to end the manufacturing stagnation of the past 30 years and create millions of manufacturing jobs in the U.S. Over the past 20 years, the boom in offshoring drove our goods trade deficit up by about $640 billion a year, costing us three to four million manufacturing jobs....

Colt's Manufacturing Co., the gun maker that emerged from bankruptcy last year, is purchasing its West Hartford headquarters and manufacturing plant as part of a $23 million investment in Connecticut, Gov. Dannel P. Malloy said Friday. Colt's intends to keep its workforce of 600 workers and create 100 jobs over five years, Malloy said. The state Department of Economic and Community Development is providing a $10 million loan, with as much as $2 million forgiven if Colt's meets job milestones. The manufacturing facility and the land have a price of $13 million. Colt's, which sells guns to the military, police...

German candymaker Haribo, famous for its fruit-flavored gummy bears, plans to build its first production facility in the United States and start making confectionery there from 2020. Family-owned Haribo, which employs 7,000 people worldwide at 16 sites in ten countries, said on Thursday it has decided to acquire property in Wisconsin for the factory. Haribo, a model of Germany's successful "Mittelstand" firms which make up the backbone of Europe's largest economy, was founded in 1920. It gave Germany one of its most famous advertising slogans, promising to make kids and adults happy.

Finance ministers from world's biggest economies drop anti-protectionist commitment because of opposition from US

U.S. factories cranked out more autos, steel and computers in February, the sixth straight monthly increase in manufacturing output. Factory production rose a seasonally adjusted 0.5 percent last month from January, the Federal Reserve said Friday. That followed another 0.5 percent gain the previous month. Factories are benefiting from greater consumer and business optimism since last fall’s presidential election. Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports. Mining output rose 2.7 percent in February, spurred partly by more oil and gas drilling. Utility...

Myrtle Beach, South Carolina (PRWEB) March 14, 2017 - Alkane Truck Company, the South Carolina-based assembler of alternative fuel vehicles, has announced it will establish more than a dozen assembly facilities in the USA, Canada and Mexico over the next 36 months. Alkane is coordinating with economic development offices across North America to identify potential business partners interested in becoming contract assemblers. “We will provide training for their employees and deliver all components required to assemble Alkane vehicles for direct shipment to our existing and ever-expanding dealership network," says Bob Smith, CEO of Alkane Truck Company. "These business partners will...

BMW supplier Gestamp North America announced Wednesday it will invest $129 million and boost its workforce by a third with 130 jobs new jobs in an expansion of its Union County facility. The growth is needed to meet an increased demand in business from the automotive industry, S.C. Gov. Henry McMaster said in a statement. “We are very excited about this project, our partnership and the confidence they have in our community,” Union County Supervisor Frank Hart stated. “This major industrial expansion is a testament to the fact that Union County is a great place to locate, operate and expand...

There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump: whereas in the recent past, jobs under Obama were mainly focused in low-paying, minimum-wage categories, such as retail, hospitality, education and, of course, food service and drinking places, in February there was a notable change with some of Trump's favorite sectors, such as manufacturing and construction posting dramatic gains.While all sectors of the economy, with the exception of retail and utilities, expanded payrolls in February, it was the jump in manufacturing employment, which increased 28,000, and the largest...

CINCINNATI - U.S. Sen. Sherrod Brown, D-Ohio, will highlight in downtown Cincinnati this morning key infrastruture projects, such as the Brent Spence Bridge, as he outlines a framework to rebuild and repair the country’s infrastructure which will create millions of construction jobs. The northern Ohio Senator will be joined by Cincinnati Mayor John Cranley, Port of Greater Cincinnati Development Authority President and CEO Laura Brunner, and OKI Regional Council of Governments Deputy Executive DirectorRobert Koehler. President Donald Trump previously promised $1 trillion of investment in American infrastructure during his campaign. Brown joined Senate colleagues to release a roadmap for making...

Britain’s factories are growing at their fastest pace in more than three years, helped by the fall in the value of the pound after the Brexit vote and a recovery in core markets in Europe, a survey showed on Monday. The survey, by manufacturing lobby group EEF and consultancy BDO, added to signs that British factories are enjoying a growth spurt, something that Brexit supporters said would be one of the early benefits of leaving the European Union. […] “The post-referendum wobble that defined UK manufacturing’s performance in the second half of 2016 has been left firmly behind with manufacturers...

WEST CHESTER TWP.— A Butler County-based contract manufacturing firm plans to create about 220 jobs in the coming 18 months. The move by TSS Technologies will more than double the company’s workforce, which is divided between a West Chester-based assembly facility and a Woodlawn-based machining facility, according to Dennis Ross, the firm’s director of talent acquisition. Of the 220 positions the company is looking to add, about 180 will be hourly positions and the remaining 40 will be salaried engineering positions, Ross said. TSS Technologies supports supporting custom automation companies, systems integration and engineering, machining and contract manufacturing, he said....

In many small towns across the country, there aren’t very many good jobs these days. Once there were factories that employed millions and paid decent wages. Today, young men are scraping by working at local bars or in lower-paid temp jobs. Many of these men are single, and new research suggests that those two things—their poor economic status and their singleness—are not unrelated.

HONG KONG - China's largest auto glass manufacturer, Fuyao Glass Industry Group <600660.SS>, will press ahead with investments worth about $1 billion in the United States this year despite criticism at home amid growing China-U.S. tensions, the company's chairman said. The company also expects to invest a further $130 million in Germany and Russia this year as it looks to tap into more high-end overseas markets, Cao Dewang told Reuters in an interview in Hong Kong on Monday. Cao, whose company is already the biggest investor in Ohio, said he planned to create about 4,500 jobs by setting-up plants in...

When BTD employee, Derrick Cariveau extends a hand to introduce himself mid-shift, his palms are a little dirty, and he talks a little louder to make sure his voice carries over the noise of welding robots. The faint smell of welding smoke and coolant is detectable in the air—it's a shop where work gets done, but it's far from the sweatshop some may think when they hear "manufacturing." Safety is always put first, and the reality is that with robots breaking into—and reshaping—the manufacturing industry, a lot of the heavy lifting is being taken care of by robotic hands rather...

Play-Doh will soon be squeezed out of a factory in the U.S. again, as Hasbro Inc. brings manufacturing of the popular moldable clay back to America for the first time in years.  Hasbro said it is working with a manufacturing partner to make Play-Doh at a facility in East Longmeadow, Mass., starting in the second half of 2018. Although the preschool clay was invented in Cincinnati in the 1950s, it hasn't been made in the U.S. since 2004. 

Dow Chemical CEO Andrew Liveris, one of 24 CEOs of the nation's largest manufacturing companies who met with President Donald Trump at the White House on Thursday, said they were "encouraged by the pro-business policies" of the administration, adding that "this is probably the most pro-business administration since the Founding Fathers." "We in the manufacturing sector…are very encouraged by the pro-business policies of President Trump and his cabinet. Some of us have said that this is probably the most pro-business administration since the Founding Fathers. There is no question that the language of business is occurring here at the White...

NORTH CHARLESTON, S.C. – Nearly 3,000 production workers at Boeing’s South Carolina plant have voted not to join the Machinists, maintaining southern reluctance toward unionization. “We’re disappointed the workers at Boeing South Carolina will not yet have the opportunity to see all the benefits that come with union representation” said IAM lead organizer Mike Evans said in a statement. “But more than anything, we are disheartened they will have to continue to work under a system that suppresses wages, fosters inconsistency and awards only a chosen few.” The first round of voting began early Wednesday. A second round was set...

Standing in the lobby of New York City's Trump Tower last month, LVMH CEO Bernard Arnault told reporters that the Louis Vuitton brand will expand its manufacturing in the U.S., potentially setting up a factory in the Carolinas or Texas. Yet even as President Donald Trump pressures other businesses to ramp up their American-based production, experts agree that the "Made in the USA" movement is unlikely to take hold in the luxury sector anytime soon. Designer labels face several major headwinds when it comes to producing goods here, including inadequate infrastructure and a shortage of raw materials. "You've got so...

The climate isn't the easiest. Economic uncertainty and political unknowns abound on both sides of the Atlantic. In the US with the new administration of Donald Trump and its protectionist and isolationist tone. And in Europe, rocked by Brexit and anxiously awaiting elections in nations that are key to the future the Union. But most of all for Italy Inc, whose companies are determinedly betting on their own excellence despite their often niche positions. Confronted with uncertainty, they must focus on attracting international investment and on expanding their presence in the US with acquisitions and growth on US soil. This...

COLUMBIA – Sundaram-Clayton Limited (SCL), a leading Indian manufacturer and supplier of aluminum cast products to global automotive original equipment manufacturers, announced Thursday that it will be launching its first U.S. manufacturing operations in Dorchester County. By investing $50 million, the company is expecting to create 130 new jobs over the next five years....