Klein Tools moves corporate headquarters
Klein Tools, a manufacturer of professional hand tools and occupational equipment, has moved its corporate headquarters to a new, 64,000-square-foot office facility in Lincolnshire, IL.
The new building houses the executive team and a number of corporate departments. Customer service and sales support have also been moved to the new facility. An additional 57,000-square-foot multipurpose building accompanies the new office accommodations, providing space for light industrial use. Existing manufacturing capabilities will remain at the company’s 225,000-square-foot facility in Skokie, IL, the site that served previously as its headquarters.
“Our new building will support future business growth and provide us more room for expanding Skokie’s manufacturing operations,” said Richard T. Klein, Jr., chairman and CEO of Klein Tools.
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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