Whirlpool Moving Some Manufacturing From Mexico to U.S.
Whirlpool Corporation announced today that it is moving some of its Mexico manufacturing to Clyde, Ohio, where the company operates the largest washing-machine plant in the world (2.4 million square feet). The move will bring manufacturing of its commercial front-loading machines to Ohio, and is expected to create around 80 to 100 jobs over the next three years. Whirlpool expects to have production up and running by April.
According to Whirlpool, the decision reaffirms its commitment to U.S. manufacturing and Clyde's "skilled workforce." "We continue to invest in advanced manufacturing processes ... making this a smart, long-term business decision for us," said Jeff Durham, vice president of U.S. manufacturing, in a press release. "We look forward to ramping up production and building this quality product, for the U.S. and abroad, right here in Clyde, Ohio."
Whirlpool employs about 15,000 U.S. manufacturing workers.
Whirlpool believes its relocation will increase operational efficiency and aligns with the company's larger strategy to produce products closer to where they are primarily sold. The commercial front-load machines are sold for use in commercial laundries, hospitals, hotels, and other businesses. Whirlpool said the product is primarily sold in the U.S. with approximately 10% exported to Europe, Australia, Latin America, and Asia.
The Whirlpool Mexico facility isn't expected to lose any jobs as it is adding a new residential washer production line to serve the Mexico market.
The article Whirlpool Moving Some Manufacturing From Mexico to U.S. originally appeared on Fool.com.Follow Justin Loiseau on Twiter @TMFJLo. Fool contributor Justin Loiseau has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.