With the pandemic subsiding and consumer spending on the rise, manufacturers are investing in their assembly operations.
December 7, 2021
In February 2020, U.S. manufacturers employed nearly 12.8 million people. Then came the COVID-19 pandemic. In an instant, the country lost 1 million manufacturing jobs as governments and businesses scrambled to figure out how best to stop the spread of the disease.
All-wheel drive (AWD) technology has taken the automotive world by storm in recent years, because of its ability to effectively transfer power to the ground. Today, many sport utility vehicles use AWD for better acceleration, performance, safety and traction in all kinds of driving conditions.
Every motorist uses rearview mirrors whenever they get behind the wheel. In fact, most people look at them every few seconds as they drive. However, few ever give those ubiquitous devices much thought.
In September, Toyota announced that it will invest $391 million in its truck assembly plant in San Antonio. Hyundai announced that it is investing nearly $300 million in its factory in Montgomery, AL. Brake manufacturer Bendix Spicer began construction on a $65 million expansion of its assembly plant Bowling Green, KY. And, automotive supplier Hirotec Group said it will invest $48 million to build a new assembly plant in Fayetteville, TN.
Refrigerators are one of the only appliances found in nearly every type of home, whether it's an apartment in suburban Atlanta, a high-rise condominium in downtown Chicago, a beach house in Hawaii or a trailer in Texas. The humble refrigerator is also the hardest working household appliance. Day and night, it's constantly running to keep all types of food and beverages cool, fresh or frozen.
The past year brought blockbuster headlines for U.S. manufacturing. Taiwanese electronics giant Foxconn unveiled plans to build a $10 billion assembly plant in Wisconsin that would make liquid-crystal display panels and employ as many as 13,000 people.
One of the top transmission assembly plants in the world is Ford Motor Co.'s Van Dyke facility in Sterling Heights, MI. It's part of a network of Ford factories that mass-produce axles, engines and other power train components used in the company's cars and trucks.
Increasing demand for smart devices and embedded intelligence is driving manufacturers in a variety of industries to invest in new production tools and technologies. Additive manufacturing, advanced sensors, augmented reality, cloud-based computing, collaborative robots and digital twins are just a few of the many trends transforming factory floors today.
U.S. manufacturing continued to roll in 2017. Want proof? Look no further than Toyota Motor Corp. In September, the world’s largest automaker announced that it will invest $374 million at five U.S. factories.