hand tools

A highly automated Texas factory was supposed to bring the manufacturing of Craftsman mechanics’ tools back to American shores. The $90 million project was doomed by equipment problems and slow production. A highly automated Texas factory was supposed to bring the manufacturing of Craftsman mechanics’ tools back to American shores. The $90 million project was doomed by equipment problems and slow production. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an…

​ Stanley Black & Decker Inc. SWK 1.22% said it is closing factories in Texas and South Carolina, relocating some operations to Tennessee facilities as the company revamps its manufacturing and distribution network.The Connecticut-based tool maker said the moves would affect the jobs of 357 employees. Eighty jobs will be added in Tennessee, the company said.  “These actions are aligned to the transformation strategy designed to deliver $2 billion of cost savings and…

Stanley Black & Decker makes power drills and other tools. Photo: David Paul Morris/Bloomberg News…

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. The New Britain, Conn.-based company on Monday said Patrick Hallinan will become CFO, effective April 6. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands.  Fortune Brands, meanwhile,…