Danfoss opens Midwest manufacturing facility
Loves Park, Ill.-Danfoss Drives, a division of Danfoss A/S (Graasten, Denmark), opened Nov. 26 a new manufacturing facility near its original operations in Rockford, Ill.
Loves Park, Ill.- Danfoss Drives , a division of Danfoss A/S (Graasten, Denmark), opened Nov. 26 a new manufacturing facility near its original operations in Rockford, Ill. The adjustable frequency drives supplier reports that, despite adverse global economic conditions, it decided to build the 123,000-ft2facility to increase development and production of high-power motor drives sold throughout North America and worldwide.
'Together with our talented employees, this new Rockford facility dramatically increases our ability to grow our business and serve the needs of our customers,' says Charles Manz, Danfoss Drives' president. 'We believe we'll become more efficient and successful through our value-added manufacturing activities and increased product development capabilities.'
The $17-million facility includes a 10,000-ft2laboratory and an innovative co-located workspace that brings together all functional departments to help improve the product development process. The facility also houses Danfoss' training, administration, and sales and marketing capabilities.
'In an effort to accelerate innovation, we believe that co-locating all our teams fosters communication among departments, all of which have a say in product development. This leads to quicker, more thorough answers and solutions for our customers,' says Mr. Manz. 'The synergies created by having all of our Rockford manufacturing groups under one roof will ultimately improve efficiency and increase overall manufacturing capacity and the quality of our products.'
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey