South-Carolina
Stanley Black & Decker to Close Texas, South Carolina Plants
Stanley Black & Decker Inc.
SWK 1.22%
stated it’s closing factories in Texas and South Carolina, relocating some operations to Tennessee amenities as the corporate revamps its manufacturing and distribution community.
The Connecticut-based device maker stated the strikes would have an effect on the roles of 357 staff. Eighty jobs will likely be added in Tennessee, the corporate stated.
“These actions are aligned to the transformation technique designed to ship $2 billion of price financial savings and are reflective of present financial situations which highlighted wanted modifications in Stanley Black & Decker’s manufacturing and distribution community,” the corporate stated.
The manufacturing facility in Fort Value, Texas, makes Craftsman mechanics’ instruments, the corporate stated, and the one in Cheraw, S.C., makes knives and transportable storage models. The Cheraw operations will likely be divided between Stanley Black & Decker’s amenities in Jackson and Gallatin, Tenn.
The corporate’s shares settled about 1.2% greater Monday, consistent with main U.S. inventory indexes.
Stanley Black & Decker’s merchandise benefited from surging demand throughout the Covid-19 pandemic, as customers spent extra on residence and yard tasks. Since then, the corporate has handled rising prices and a shakier financial image.
Stanley Black & Decker executives have spoken in current months of shrinking the corporate’s footprint, closing vegetation and halting the manufacture of fifty,000 separate merchandise. At a current investor convention, Chief Govt Donald Allan stated the corporate aimed for $1.5 billion in annualized financial savings by tightening its provide chain.
He stated that after the corporate acquired different companies over the previous 15 years, it hadn’t achieved “among the troublesome, difficult choices on the tail of the combination,” together with closing vegetation and consolidating distribution facilities.
“We’re taking that step now,” Mr. Allan stated.
He gave a theoretical instance of a tape measure from Irwin, a model the corporate acquired in its 2016 buy of Newell Manufacturers Inc.’s instruments enterprise. Stanley Black & Decker already sells Craftsman and Stanley-branded tape measures, he stated.
“That’s the kind of simplification that we’re doing at a really broad primarily based manner that really will scale back numerous complexity in our provide chain for manufacturing, distribution and our provider partnerships,” Mr. Allen stated.
The corporate broke floor on its Fort Value manufacturing facility in 2019. It stated the ability was meant to fabricate sockets, ratchets, wrenches and different instruments beneath the Craftsman model, which Stanley Black & Decker acquired in 2017. In a press release saying the opening, the corporate stated the plant would “leverage among the most superior manufacturing applied sciences accessible to optimize productiveness and sustainability.”
Firm spokeswoman Debora Raymond stated Monday that the plant endured issues associated to Covid-19, supply-chain points and manufacturing expertise that didn’t meet the corporate’s expectations.
Different manufacturing firms have additionally trimmed their workforces just lately. In January, supplies maker 3M Co. stated it was chopping 2,500 manufacturing jobs globally as the corporate confronted turbulence in abroad markets and weakening shopper demand. The layoffs represented roughly 2.6% of 3M’s workforce.
Write to John Keilman at john.keilman@wsj.com
Copyright ©2022 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
South-Carolina
Former South Carolina wide receiver finds transfer portal landing spot
On Sunday, former South Carolina wide receiver Tyshawn Russell signed with the Syracuse Orange. On3’s Pete Nakos reported the news.
Russell entered the transfer portal earlier this month after not factoring into the receiver room with the Gamecocks this year. He played a decent amount in 2023 before dropping in the pecking order ahead of the 2024 campaign. Russell will join a Syracuse team that finished 9-3 this fall.
During his time with the Gamecocks, Russell logged five catches for 81 yards and a touchdown. His one score came on a 50-yard bomb from LaNorris Sellers in 2023. However, he flashed more promise than those numbers might indicate. Thanks to a redshirt this season, he will have three more years of eligibility remaining.
South Carolina Transfer Portal Resources:
Russell was not the only receiver to leave Columbia via the transfer portal this offseason. Fellow second-year players CJ Adams and Elijah Caldwell also hit the portal. Neither Adams nor Caldwell have committed to new programs yet. True freshman Debron Gatling also entered the transfer portal, but he has since committed to Georgia Tech.
South Carolina has been in on several wide receiver targets in the transfer portal, though, they have already filled those vacated scholarship spots with true freshmen Malik Clark, Jordon Gidron, Brian Rowe, Jayden Sellers, and Lex Cyrus. The Gamecocks have five wideouts signed in the class of 2025 and could have a sixth coming soon if Donovan Murph picks USC during the Under Armour All-American Game in January.
South-Carolina
Gamecocks Motivated About Citrus Bowl Opportunity
As South Carolina prepares for its Citrus Bowl matchup against Illinois, the message from players is clear: this team isn’t just happy to be in Orlando.
The No. 15 Gamecocks (9-3) have their sights set on a historic tenth win, which would mark only the eighth time in program history the team has reached double-digit victories. Despite the disappointment of missing the expanded College Football Playoff, players emphasized their focus has shifted entirely to ending the season on a high note against the Fighting Illini (9-3).
“It’s just another chance to play with my teammates. All of them are like my brothers, even the coaching staff,” said defensive lineman Boogie Huntley, who confirmed earlier this week that he will play in the bowl game. “It’s just another opportunity to go out and have fun, show the nation and the world who South Carolina is.”
The Gamecocks enter the December 31 matchup at Camping World Stadium riding high after their victory over rival Clemson, a game that produced several players’ favorite moments of the season. Linebacker Debo Williams cited quarterback LaNorris Sellers’ game-winning touchdown run against the Tigers as his top memory, while Demetrius Knight Jr. still possesses the ball from his crucial interception to seal the rivalry win.
Sellers, whose heroics in the Clemson game have made him something of a campus celebrity, has maintained his focus despite the increased attention. “I trust him,” Sellers said of his relationship with coach Mike Shula, who was officially confirmed as the team’s new offensive coordinator earlier this week. “He’s coached a lot of guys and has a history with a lot of guys in the NFL. It’s about him trusting me and us continuing to have a great relationship from here on out.”
The defense, which has been a strength all season, appears motivated to finish strong. Safety Nick Emmanwori emphasized the team’s desire to approach this game differently than other teams who missed the playoff. “We want to come with a different mental approach,” Emmanwori said, noting the team is using the playoff snub as motivation.
For seniors like Tonka Hemingway, who recently won the Ray Tanner award, the bowl game represents one final opportunity to represent the school. “I’m really excited to put on the Garnet and black one more time and just leave it all out there,” Hemingway said.
South Carolina enters the game as an 9.5-point favorite against an Illinois team led by former Ole Miss quarterback Luke Altmyer, who has thrown for over 2,500 yards and 21 touchdowns this season. Kickoff is set for 3 p.m. on ABC, as the Gamecocks seek to close out what has already been a memorable season with one more victory.
South-Carolina
One dead in Orangeburg Co. Saturday night crash
ORANGEBURG COUNTY, S.C. (WCSC) – The South Carolina Highway Patrol says one person has died in an Orangeburg County crash from Saturday night.
Sgt. Tyler Tidwell says this accident happened at approximately 7:05 p.m. on Redmond Mill Road near Magenta Drive. This is about four miles east of the Town of North.
Tidwell says a Hyundai sedan was traveling west on Redmond Mill Road when they went off to the road to the left and struck a tree. They were the only person in the car and the only vehicle involved.
The Orangeburg County Coroner’s Office has not yet identified the victim.
Copyright 2024 WCSC. All rights reserved.
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