Company/Division name | Master Lock |
Parent company | Fortune Brands Home & Security Inc |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 100 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2011 |
Year reshoring implemented or to be implemented: | 2010 |
Offshore, work was done: | Outsourced |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | China |
City reshored to: | Milwaukee |
State(s) reshored to: | WI |
If relevant, work nearshored to: | - |
Industry(ies): | Fabricated Metal Products |
Product(s) reshored | Combination locks, subassemblies and keys |
What non-domestic negative factors made offshoring less attractive? | Freight cost, Rising wages, Travel cost/time, Other, Higher logistical costs |
What domestic positive factors made reshoring more attractive? | Skilled workforce availability/training |
Mentions use of TCO or similar concept? | Yes |