(Photo Credit: Mack Molding)
Manufacturers have been promising for decades that bold, competitive tax reform would give manufacturers in the United States the boost they need to hire new workers and invest in new operations. Seven months after tax reform was signed into law, America’s manufacturers are already starting to deliver.
Mack Molding, an injection molder and contract manufacturer based in Vermont, announced this week that it is investing $5.4 million to upgrade two existing facilities in response to “favorable tax changes” and a surging economy:
Injection molder and contract manufacturer Mack Molding Inc. is investing $5.4 million into its North Carolina and Vermont facilities in response to increased demand and favorable tax changes.
The expansion and upgrade plans of the company founded in 1920 will create about 100 new jobs in the two states.
The bulk of the investment, about $4.4 million, is going to Statesville, N.C., to bolster capabilities for large-part production, while the balance will go to three sites in Vermont: in Arlington, where the company is headquartered, East Arlington and Cavendish.
“From attracting new, exciting programs in the areas of robotics and 3D printing, to planning ahead for executing on infrastructure and equipment needs upon the passage of tax reform, we continue the company’s longstanding tradition of collectively moving us and our customers forward together,” President Jeff Somple said in a news release.
“The resurgence of manufacturing in the United States is strong,” Somple said, “and Mack has been aggressive in ensuring we are well-positioned to seize the opportunity presented to us.”
Since tax reform was passed into law, manufacturers across the country have been investing in new manufacturing employees and facilities. The National Association of Manufacturers has been documenting some of these stories as a part of the Keeping Our Promise campaign. The 2018 Second Quarter Manufacturers’ Outlook Survey found a record high percentage of manufacturers are optimistic about the future, thanks in part to tax reform, and are planning historic-levels of investments, hiring and expansions.
Check out the report from Plastics News for more details about Mack Molding’s expansion plan.
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