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Construction Tools Giant Builds a Future with Engineers

Posted April 11, 2011 8:30 AM by Steve Melito

Last week, Stanley Black & Decker announced a $12-million (USD) upgrade to its 33-acre campus in Towson, Maryland. The five-year investment will modernize the facility and build upon the strength of its engineers. "We have the level of capability, talent and expertise here that gives us a competitive advantage," explained Jeffrey D. Ansell, Stanley Black & Decker Senior Vice President.

The Maryland campus houses the headquarters of the company's profitable Construction and Do It Yourself division, which accounts for about half of Stanley Black & Decker's annual $10-billion in revenues. The veteran group of engineers that works there develops new products such as power tools. Over 1,100 employees now work at the Towson office, and company executives expect to hire another 50 as the business continues to grow.

Just two years ago, Maryland officials worried about job losses instead of job gains when Stanley Works, a Connecticut-based company, bought Towson-based Black & Decker. Although some corporate-level jobs have headed north, engineers at the Maryland facility are enjoying a newfound measure of job security.

Do executives at your company factor the strength of the engineering department into their corporate decision-making?

Source: Baltimore Sun

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