Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

 

  • Names Sudhi Bangalore to lead center that will eventually house approximately 50 Industry 4.0 professionals
  • Announces launch of STANLEY+Techstars Additive Manufacturing Accelerator to bring start-ups to Hartford

HARTFORD, Conn., 2017-Dec-06 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (Dec. 5, 2017) announced plans to open an Advanced Manufacturing Center of Excellence in downtown Hartford to accelerate its global Industry 4.0 “smart factory” initiative. Called “Manufactory 4.0,” named after the original Stanley Bolt Manufactory founded in 1843, the 23,000-square-foot Center will be located at One Constitution Plaza and will employ approximately 50 Industry 4.0 professionals. The company has appointed Sudhi Bangalore, most recently WIPRO’s Global Head of Smart Manufacturing and Industry 4.0 Solutions, to lead the center. The company is also launching an additive manufacturing accelerator with Techstars that will be housed at the new facility.

“Strong urban cores, and in particular a vibrant capital city, are essential to Connecticut’s ability to thrive which is why we decided to locate this important new initiative in Hartford,” said Stanley Black & Decker’s President and Chief Executive Officer Jim Loree. “Our team has worked closely with Mayor Bronin’s office, and we are excited to be a part of building a vibrant, strong capital city. With the budget now passed, the hard work can begin to solve some of the state’s structural fiscal challenges and put the state on a more sound economical path. We cannot lose the sense of urgency and must recognize that the state is at a critical juncture. As a company founded in New Britain, Connecticut, almost 175 years ago, we have expressed our commitment from a social responsibility perspective to being part of the solution.”

“Our Manufactory 4.0 will serve as the epicenter for the latest technologies and processes with respect to Industry 4.0,” said Don Allan, Chief Financial Officer for Stanley Black & Decker. “Just as Connecticut was at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, we believe that the state has the potential to be a leader for what is often called the Fourth Industrial Revolution – the automation of manufacturing that includes the internet of things, cloud computing, artificial intelligence, 3-D printing, robotics and advanced materials. We are thrilled that Sudhi has joined the company to lead this effort, which is a critical component of our company’s 22/22 strategy.”

“Today’s announcement further cements Stanley Black & Decker’s reputation as a leading innovator in advanced manufacturing, and a tremendous partner to the State of Connecticut,” said Governor Dannel P. Malloy. “The Advanced Manufacturing Center of Excellence will be critical in spurring innovation and ensuring that our state continues to build upon our reputation as a global leader in advanced manufacturing. We are grateful to CEO Jim Loree for his partnership and extraordinary vision and commitment not only to Stanley Black & Decker, but to our capital city and the State of Connecticut as a whole.”

“I’m thrilled to welcome Stanley Black & Decker’s Advanced Manufacturing Center of Excellence and Additive Manufacturing Accelerator to Hartford, putting Connecticut’s Capital City at the leading edge of innovation in advanced manufacturing,” said Hartford Mayor Luke Bronin.  “Today’s announcement represents an enormous win in our effort to make Hartford a hub for innovation in our region’s core industries. I want to thank CEO Jim Loree and Stanley Black & Decker’s senior leadership for their inspiring commitment to reinventing manufacturing right here in Connecticut and right here in Connecticut’scapital city.”

Sudhi Bangalore will serve as Stanley Black & Decker’s Vice President of Industry 4.0, reporting to Allan, and has a deep expertise in Industry 4.0 and Digital Manufacturing. Leveraging a unique combination of operations and technology background, he has served as an expert advisor to shape and deploy Industry 4.0 strategies for several global customers. Prior to serving in his current role at WIPRO, he was the company’s Global Practice Head for Industrial Automation. He has held operations and business unit manager leadership roles across a number of leading technology companies, including Danaher Corporation, Siemens and Rockwell Automation. He earned a Bachelor’s in Electronic Engineering from Bangalore University, a Master’s in Industrial Engineering from the University of Louisville and an M.B.A. from Kent State University.

Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the U.S., including three in Connecticut, with more than 100 manufacturing facilities globally. The company has three locations designated as “Lighthouse Factories,” that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality and artificial intelligence.

In addition, to support and accelerate innovation in Industry 4.0, the company has made a three-year commitment to partnering with Techstars, one of the world’s best startup accelerators, and is announcing the launch of the STANLEY+Techstars Additive Manufacturing Accelerator. The mentorship-driven, entrepreneurial accelerator program will identify 10 startups in the additive manufacturing space to participate in the program in the program’s first year. Companies will co-locate with Manufactory 4.0 and have access to mentoring and resources to grow their ideas into viable businesses, and bring new technologies to market. Additive manufacturing refers to 3-D printing and the collection of technologies that are used throughout the process, including those involved in rapid prototyping, rapid manufacturing and free form fabrication, among others. The application process will begin in January 2018. Similar programs will be run in 2019 and 2020, with 30 potential startups completing the process.

“Additive manufacturing is a field that is constantly evolving and will significantly change the manufacturing environment of the future,” said Corbin Walburger, Vice President of Business Development for Stanley Black & Decker. “The STANLEY+Techstars Additive Manufacturing Accelerator demonstrates our commitment to this emerging industry, and shows our intent to stay at the forefront of technological change and incorporate another example of innovative and disruptive technologies into our business model.”

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista and more. Learn more at www.stanleyblackanddecker.com.

Media Contacts:

Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com

Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

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Amazon to open new fulfillment center in North Haven, Connecticut

New 855,000-square-foot facility brings Connecticut presence to three facilities

SEATTLE, 2017-Jun-09 — /EPR Retail News/ — Amazon (NASDAQ:AMZN) today (Jun. 8, 2017) announced plans for a new 855,000-square-foot fulfillment center in North Haven, Conn. The new site will create more than 1,500 new, full-time jobs with opportunities for employees to engage with advanced robotics. The company currently has facilities in Wallingford and Windsor.

“Five years after announcing our first fulfillment center in Connecticut, we’re excited to open a new, state-of-the-art fulfillment center in North Haven, creating 1,500 full-time jobs that offer wages 30 percent higher than traditional retail roles and include comprehensive benefits on day one, bonuses and stock awards,” said Akash Chauhan, Amazon’s Vice President of North America Operations. “We’ve found an abundance of talent in Connecticut’s workforce, and we are so happy to have this opportunity to expand in the state to serve customers.”

“This is a significant win for our state’s taxpayers and our economy. Amazon’s investment to expand operations in Connecticut is proof positive that when we work with companies and bring our collective ingenuity to bear, we deliver on creating jobs for the hardworking residents of our state,” said Governor Dannel P. Malloy. “With plans to nearly double their Connecticut-based employees, Amazon’s decision to open a third facility here is a testament to the high quality and productivity of our workforce.”

Amazon employees at the North Haven fulfillment center will pick, pack and ship customer items such as electronics, books and toys. The facility will feature innovative technology such as Amazon Robotics that will assist employees in fulfilling customer orders.

“This is exciting news for the state of Connecticut and town of North Haven. I thank the governor’s administration and town officials for working in collaboration with all parties including state lawmakers and community members to show Amazon the remarkable potential of our town to be a new hub for business growth,” said State Senator Len Fasano, Senate Republican President Pro Tempore. “After seeing this piece of property remain vacant for so many years, this new development is a major accomplishment. I welcome the new jobs and opportunities, and I look forward to continuing to work with Amazon as a new local partner to bring new development, growth and vitality to our entire region.”

Full-time employees at Amazon receive highly-competitive pay, health insurance, disability insurance, retirement savings plans and company stock. The company also offers up to 20 weeks of paid leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility with their growing families.

“We are very pleased to be able to announce that Amazon is now part of our North Haven community. This has been a very important economic development initiative that has been worked on for almost 2 years and is an important economic development success for the Town of North Haven, the greater New Haven region and our state of Connecticut,” said Town of North Haven First Selectmen Michael Freda. “I would like to acknowledge the collaborative efforts of our local state legislators, the governor’s office, the Department of Transportation, the Department of Administrative Services, and the Department of Economic and Community Development for working with my office and the Town of North Havento help us bring this exciting announcement forward.”

Amazon also offers hourly employees its Career Choice program which helps train employees for in-demand jobs at Amazon and other companies so that they can prepare for the future and take full advantage of the nation’s innovation economy. The program pre-pays 95% of tuition for courses in high-demand, high-wage fields, regardless of whether the skills are relevant to a future career at Amazon. Over 9,000 employees have participated in Career Choice and more are signing up every day.

To learn more about working at an Amazon fulfillment center, visit www.amazondelivers.jobs.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.

Media Hotline:
Amazon-pr@amazon.com
www.amazon.com/pr

Source: Amazon