In It for the Long Haul
Mazak is in the midst of a significant expansion that will make its campus in Florence, Kentucky one of the largest machine tool manufacturing operations in the country. Notably, that expansion is one of many announced recently by technology suppliers.
Mazak Corporation recently completed the second of three major expansions that will ultimately increase total floor space at its Florence, Kentucky, campus to 800,000 square feet. According to the company, the expansions will position the collection of Florence facilities as one of the largest machine tool manufacturing operations in the country.
Mazak has obviously decided that additional capacity will be necessary to accommodate increased demand for machine tools and associated service and support in the United States—and notably, the company is not alone in that determination. Rival machine tool builder Mori Seiki, for example, recently opened its first U.S. machine tool factory in Davis, California. Other notable technology suppliers that have recently announced expansions or new facilities include Hyundai WIA, Sandvik Coromant, Mitutoyo, Mitsui Seiki, Omax, MSC Industrial Direct Co., Exact Metrology, and Coord3 Metrology (this list is not intended to be comprehensive).
The fact that so many technology suppliers seem to be on the same page is worth remembering when confronted with data showing recent contraction in the manufacturing industry. It’s encouraging that these companies all seem to view the United States as a good bet for the long term.