1/3/2012 12:26:00 PM
HEADLINES
Former Textron Fastening Factory Back From Brink
Fasteners are part of the manufacturing resurgence sweeping industry in Rockford, IL.In 2010, the CAMCAR plant in Belvidere was down to 100 workers, the Rockford Register Star reports. Parent company Acument Global Technologies was near shuttering the factory and move production elsewhere. ”It wouldn’t have been a surprise,” writes Alex Gary of the Star. “The East Madison Street plant, where workers mainly make fasteners for the automotive industry, was all that was left of the old Textron Fastening Systems.”At one point TFS had employed 3,300 people making nuts and bolts at a dozen plants. But Acument took a calculated risk and kept the plant open. That risk was rewarded with increased business when automotive sales finally increased after a four-year hibernation. In response CAMCAR began hiring, and now it’s payroll numbers 220 workers, according to plant manager Dave Brooks. “We exceeded our forecasts for 2011 by quite a bit, and we’re planning for a stronger 2012,” Brooks stated, adding that CAMCAR fasteners are found on most Ford, General Motors and Chrysler vehicles.Acument Global Technologies unveiled its new North American Processing and Technical Center in Fenton, MI. Acument reopened the Fenton facility in January after mothballing it in April 2009 during the height of the recession. The facility handles some of Acument’s processing needs, including heat treatment, sorting parts and other services that were previously done out of state. The facility workforce is projected to top 100 in 2012.In addition to serving as a technology and processing center, the Fenton facility will also house Acument’s North American Engineering group. Acument employs about 2,300 workers throughout North and South America. ©2011 GlobalFastenerNews.com
Fasteners are part of the manufacturing resurgence sweeping industry in Rockford, IL.
In 2010, the CAMCAR plant in Belvidere was down to 100 workers, the Rockford Register Star reports. Parent company Acument Global Technologies was near shuttering the factory and move production elsewhere.
“It wouldn’t have been a surprise,” writes Alex Gary of the Star. “The East Madison Street plant, where workers mainly make fasteners for the automotive industry, was all that was left of the old Textron Fastening Systems.”
At one point TFS had employed 3,300 people making nuts and bolts at a dozen plants. But Acument took a calculated risk and kept the plant open. That risk was rewarded with increased business when automotive sales finally increased after a four-year hibernation.
In response CAMCAR began hiring, and now it’s payroll numbers 220 workers, according to plant manager Dave Brooks.
“We exceeded our forecasts for 2011 by quite a bit, and we’re planning for a stronger 2012,” Brooks stated, adding that CAMCAR fasteners are found on most Ford, General Motors and Chrysler vehicles.
In mid 2011 Acument unveiled its new North American Processing and Technical Center in Fenton, MI.
Acument reopened the Fenton facility in January after mothballing it in April 2009 during the height of the recession.
The facility handles some of Acument’s processing needs, including heat treatment, sorting parts and other services that were previously done out of state.
The facility workforce is projected to top 100 in 2012.
In addition to serving as a technology and processing center, the Fenton facility will also house Acument’s North American Engineering group.
Acument employs about 2,300 workers throughout North and South America. ©2011 GlobalFastenerNews.com
Fasteners are part of the manufacturing resurgence sweeping industry in Rockford, IL.
In 2010, the CAMCAR plant in Belvidere was down to 100 workers, the Rockford Register Star reports. Parent company Acument Global Technologies was near shuttering the factory and move production elsewhere.
“It wouldn’t have been a surprise,” writes Alex Gary of the Star. “The East Madison Street plant, where workers mainly make fasteners for the automotive industry, was all that was left of the old Textron Fastening Systems.”
At one point TFS had employed 3,300 people making nuts and bolts at a dozen plants. But Acument took a calculated risk and kept the plant open. That risk was rewarded with increased business when automotive sales finally increased after a four-year hibernation.
In response CAMCAR began hiring, and now it’s payroll numbers 220 workers, according to plant manager Dave Brooks.
“We exceeded our forecasts for 2011 by quite a bit, and we’re planning for a stronger 2012,” Brooks stated, adding that CAMCAR fasteners are found on most Ford, General Motors and Chrysler vehicles.
In mid 2011 Acument unveiled its new North American Processing and Technical Center in Fenton, MI.
Acument reopened the Fenton facility in January after mothballing it in April 2009 during the height of the recession.
The facility handles some of Acument’s processing needs, including heat treatment, sorting parts and other services that were previously done out of state.
The facility workforce is projected to top 100 in 2012.
In addition to serving as a technology and processing center, the Fenton facility will also house Acument’s North American Engineering group.
Acument employs about 2,300 workers throughout North and South America. ©2011 GlobalFastenerNews.com
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