premium carbon and stainless steel products per year when fully operational. In fiscal year 2010/2011, ThyssenKrupp USA subsidiaries employed approximately 19,100 individuals, an increase of nearly 2,000 employees compared to the year prior.
Rolls Royce (James Guyette, President and CEO, Rolls-Royce North America)
Last year, Rolls-Royce dedicated its Crosspointe, Virginia plant, the company’s newest facility in the world and its first facility in the U.S. built from the ground up. The Crosspointe plant produces aero engine discs for both Boeing and Airbus aircraft and will result in a $500 million dollar investment and 500 jobs. Rolls-Royce also recently held a hiring event at the company’s Indianapolis facilities to fill 87 openings for skilled machinists, jobs that are the result of insourcing work and a new contract with the United Auto Workers.
Master Lock (John Heppner, CEO)
Master Lock is the world's largest manufacturer of padlocks and related security products. Since mid-2010, Master Lock has returned approximately 100 jobs back to Milwaukee, Wisconsin that had previously been off-shored. The decision to bring these jobs back was partially motivated by economic reasons related to increasingly higher labor and logistics costs in Asia, and further, ongoing labor availability challenges especially in the coastal areas of China, which have negatively impacted continuity in supply to its key customers. Master Lock plans to continue bringing jobs back to Wisconsin, citing a more competitive overall cost structure, greater control, and the ability to provide better service to its customers.
Lincolnton Furniture (Bruce Cochrane, President and CEO)
Lincolnton Furniture, a small specialty furniture maker opening in North Carolina, is adding 130 new jobs and re-starting operations at a once vacant plant. Bruce Cochrane, the current owner and CEO, comes from a family that manufacturer furniture in North Carolina. The family business was sold and eventually the new owners moved manufacturing to China. Bruce worked as a consultant in Asia for twelve years, importing furniture to the US. Two years ago, he decided the time was right to start his own furniture company back in the US, in North Carolina, in the same plant his family once ran. He recently opened operations and is adding 130 jobs to the area.
GalaxE. Solutions (Tim Bryan, Chairman and CEO)
GalaxE Solutions was established in 1990 and specialized in custom software application development for Fortune 50 corporations, with a particular focus on health care. A little over a year ago the company created the "Outsource to Detroit" program that is a model for repatriating jobs back to the United States. Key benefits include complex, quality solutions, geographic proximity to U.S. customers, cost efficiencies, and elimination of linguistic issues. GalaxE. Solutions opened operations in Detroit in 2010 and, with 150 professionals on board, is well on its way to its goal of hiring 500 IT specialists. The firm is also working with the area's universities and community colleges to train and retrain professionals for the future.
AGS (Joe LoParco, Co-President)
Canadian company AGS Automotive Systems was recently awarded a significant contract for