Original Date
2019-05-15
Stanley is investing $90 million to open a plant in Fort Worth, Texas, by late next year that will employ about 500 people to make 10 million Craftsman wrenches and ratchets and 50 million sockets annually. Robots and fast-forging presses will help boost output about 25% above the older forging machinery now used to make Craftsman wrenches in China, helping keep production costs at the new plant in line with those in China, Stanley said.