Black & Decker Corp. is spending $1.2 million to expand its in-house injection molding facility at Spennymoor, England.
The Towson, Md.-based tool company is adding four new Krauss-Maffei injection molding presses by the end of the year — three 350-ton machines and one 80-ton press. The Spennymoor plant is the company's largest outside the United States, said injection molding manager Dave Iveson.
Meanwhile, the company announced a $30 million expansion at the same plant next year. It will transfer professional power-tool production from its Molteno, Italy, unit, which will close. The Spennymoor facility will add 350 jobs.
Black & Decker said this move will prompt it to install an unspecified number of additional injection molding machines at the United Kingdom site.
The four new presses are part of Black & Decker's continuing drive to cut costs. The company spent $3 million in late 1996 on nine Krauss-Maffei molding machines.
``This was the first move the company made toward in-house injection molding. At that time, we needed to make our outdoor products more competitive — so reducing the costs of molding for these products made good business sense,'' Iveson said.
The new injection molding presses will increase Black & Decker's level of captive injection molding from 8 percent to 15 percent, he said.
Still, Iveson stressed the importance of custom molders to Black & Decker.
``They have made considerable efforts themselves to reduce costs,'' he said.
``It has never been our plan to bring all injection molding in-house,'' Iveson said. ``However, with overall product volumes increasing at Spennymoor, the investment in further new machinery will enhance our ability to further reduce product costs.''