The headquarters of Fulcrum Acoustic is only an hour outside Boston, but finding the audio company can be tricky:Its address in Whitinsville, a quaint former industrial village in Massachusetts' Blackstone Valley, doesn't register on GPS. Fulcrum's founder, Dave Gunness, opened his workshop here five years ago and says people still have trouble finding it.
Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.
Last fall, defense contractors warned of massive layoffs if the U.S. government enacted the automatic budget cuts known as sequestration. Now, sequestration is in effect, but job losses are limited, in part because many Pentagon contracts were already in place and will keep assembly lines rolling for much of this year.
Brushes are pretty simple: a bunch of flexible fibers sticking out of something stiff. Not surprisingly, Chinese manufacturers have grabbed a big share of the U.S. brush market. But several hundred small U.S. brush factories are still hanging on. Here are three strategies they're using to survive.
Firearms manufacturers are pulling up stakes in at least two of the five states that enacted tough new guns laws following the school shootings at Sandy Hook Elementary School last year.
In the months after those shootings, governors in New York, Connecticut and Maryland signed broad new bans on assault weapons. Delaware passed a law requiring universal background checks. Colorado adopted background checks and a ban on high-capacity magazines.
Chinese computer maker Lenovo celebrated the opening of its first U.S. manufacturing plant in Whitsett, N.C., on Wednesday. The company is trying to boost its brand and U.S. market share. Other high-tech firms, including Motorola, have announced plans to manufacture in the U.S.
The Lenovo plant celebration was a patriotic affair. A large sign was on display featuring the American flag and the words "Assembled in the U.S."