Posted on 01/05/2017 12:41:40 PM PST by 2ndDivisionVet
Stanley Black & Decker is opening a new $35 million manufacturing plant in the United States to help it rebuild, and perhaps more importantly "re-Americanize," the Craftsman tool brand it just bought from Sears Holdings.
While the extra capacity should help get a once-iconic $2 billion a year line back on its feet, the move also potentially offers Stanley Black & Decker another benefit: shielding it from a potential surge in economic nationalism under President-elect Donald Trump.
Though Stanley Black & Decker chief executive James Loree did not mention Trump by name in his comments to Wall Street analysts and investors on Thursday morning, it was clear that the incoming president's threats to levy a border tax on U.S. companies that manufacture items abroad that they intend to sell to the U.S. market were a consideration....
(Excerpt) Read more at fortune.com ...
Not tired of it, yet.
I have lots of Craftsman tools.
I used to have lots of Black and Decker, but they became crap when they changed to imports.
I hope this means good things for both brands.
Ping.
Will they still honor the lifetime warranty? I wonder if they will still offer it.
“Just make it top quality and they don’t even have to advertise.”
Yup. Craftsman was the only reason to go to Sears.
Some of my best tools are Craftsman. Oldest too for that matter.
DJT is going to leave the USA a better place.
And he’s not even sworn-in yet.
The reverse of economic nationalism is what happened to Great Britain.
I don’t expect the Stanley Works in now depressed Judd Square in Wallingford, Connecticut (a town with few depressed areas) to return, nor the Stanley stuff in New Britain. Connecticut is now business hostile. However, Georgia, North Carolina, South Carolina and Kansas are all open for business.
True Craftsman story.
My dad did service work with GE for decades. I went with him on one local job to swap out a large generator for service. Rebolting the unit to the floor with 1 1/2” high strength bolts, he couldn’t get sufficient torque on the nuts. Putting a 4 foot long “cheater bar” over the handle of the standard length socket driver, he put so much force on it, the socket cracked. I can still see — and hear — the event!
Took the socket back to Sears. Got a replacement, no questions asked!
If the new stuff is sold with the same lifetime guarantee, why buy anything else?
Maybe they’ll even manage to get back the quality Craftsman once had. This nation could use better and affordable tools.
In fact, all the new plants will be going to Texas and the southeastern USA. Revenge of the Confederacy in a way?
At least he didn’t crack the nut. That sucks big time.
“The reverse of economic nationalism is what happened to Great Britain.
We are there, too.
I heard of guys who looked for broken Craftsman tools at flea markets, then took them to Sears and exchanged them for new ones.
LOL. The owner had some spares. My dad, not so much!
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