FKI Logistex consolidates manufacturing and engineering locations
FKI Logistex announces the consolidation of some of its North American manufacturing and engineering locations within its Airport, Post and Parcel division to take advantage of operational efficiency opportunities.
Manufacturing in the company's Frederick, MD factory will be transferred to its manufacturing facilities in Danville, KY and Cincinnati, while engineering and support functions located in Dallas will be consolidated within the company's facilities in Louisville, KY.
"In our last business year, FKI Logistex sales grew by 14% but continued investment in our operational infrastructure, IT systems, people, and business processes now means that we can deliver this increased level of sales within a smaller operational footprint,” said Steve Ackerman, president, FKI Logistex North America. “We are therefore taking this opportunity to streamline our activities across fewer sites."
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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