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Tuesday, July 24, 2012

As China costs RISE, technology lures U.S. factories home

As China costs RISE, technology lures U.S. factories home

"Frustrated by expensive and slow shipping and wanting more control over the manufacturing process, the 15-year-old company started building factories in Simi Valley, California, and Crystal Lake, Illinois.
"When we do the numbers we're actually ahead manufacturing here instead of paying for air freight and dealing with the logistical issues that we're having in China," said Raymond Sjolseth, the company's president and co-founder.
With just $11 million in revenue last year, Seesmart is a tiny company, but it is one of many manufacturers of all sizes - from Master Lock to blue-chips General Electric Co and Caterpillar Inc - that are expanding production in the United States."

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