Walmart makes plans for three new U.S. manufacturing projects
WASHINGTON – Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit on Thursday that three suppliers have made new domestic manufacturing commitments that will create 385 jobs. The move is part of the retailer’s previously announced pledge to buy an additional $50 billion in U.S.-made products over the next decade.
Walmart said that Elan-Polo, Louis Hornick & Company and EveryWare Global will produce footwear, curtains and glassware, respectively.
“Today’s announcement is a great example of the progress that’s being made, and it highlights opportunities that exist for manufacturers to invest in the USA by re-shoring or expanding their manufacturing in America,” said Simon. “Companies, government officials and industry leaders are working together to increase manufacturing, and these efforts are helping more Americans get into good-paying jobs and more businesses reinvest in the U.S. economy.”
"For retailers like Walmart, who they choose to buy from makes a difference,” said Pritzker. “Since Walmart announced its commitment earlier this year to buy an additional $50 billion in U.S.-made products over the next 10 years, manufacturers have committed to investments in the U.S. that will create more than 1,600 jobs.”
Elan-Polo, a global footwear and 35-year Walmart supplier, will start production of injection-molded footwear in March 2014 at a factory in Hazelhurst, Ga., as part of a joint venture with McPherson Manufacturing. Once at full capacity, this new facility will create 250 jobs and produce 20,000 pairs of shoes per day. Previously, the company manufactured the shoes overseas. EveryWare Global, which manufactures bakeware, beverageware, tabletop and household glassware, will produce Mainstays Canning Jars for Walmart in the supplier’s Monaca, Pa., facility. The company is investing $1.8 million to expand factory capacity and establish a new product line made in the U.S. Founded in 1905, Anchor Hocking, an EveryWare Global brand, has been supplying products to Walmart for over 25 years and has 1,811 employees in the United States.
Louis Hornick & Company, a leading manufacturer and importer of window coverings and home textiles, will invest $2.5 million to establish a new manufacturing facility in Allendale County, S.C. The investment is expected to create 125 new jobs over the next three years. The company has been supplying Walmart for 40 years.
P&G expands partnership with American Red Cross
CINCINNATI — Proctor & Gamble will expand its partnership with the American Red Cross by joining the Disaster Responder Program, which will help ensure an immediate response to those affected by disasters nationwide.
“P&G employees and brands are committed to joining together after disasters to help where we can, providing some of our products we know people have come to count on in the everyday moments of their lives,” Melanie Healey, P&G Group-President North America said. “This partnership with the American Red Cross helps ensure families are reached with immediate care in the critical moments after a disaster. "
The American Red Cross and P&G have worked over together over the past decade to respond to various disasters across the United States, including the Oklahoma tornadoes and Superstorm Sandy. Recently, P&G has expanded efforts to provide kits for disaster relief. The kits, which include toiletries like deodorant and toothpaste, are packed by P&G employees, then shared with families in the days after disasters through mobile relief units.
“The generous donations from Disaster Responder Program members help the Red Cross assist disaster survivors and support volunteers who work tirelessly at the disaster scene,” Richard Reed, Senior Vice President, Red Cross Disaster Cycle Services said. “All money donated by the program members and by the general public is essential to our ability to fulfill the mission of the Red Cross.”
Cardinal Health profits increase in first quarter
DUBLIN, Ohio — Cardinal Health had sales of $24.5 billion and profits of $339 million in first quarter 2014, the company said.
The results, announced Thursday, respectively represented a 5% decrease and 25% increase over first quarter 2013.
"We are off to an outstanding start to fiscal 2014, with both segments achieving strong margin expansion and earnings growth in the first quarter," Cardinal Health chairman and CEO George Barrett said. "Our pharmaceutical segment performance demonstrated balance across the business, with robust results in both our generic and branded programs. Our medical segment made excellent progress on its key priorities, building the portfolio of preferred products, achieving results from efficiency initiatives, growing strategic hospital network accounts and integrating the 2013 acquisition of AssuraMed."
Sales in the pharmaceutical segment declined by 7%, to $21.8 billion, as the company expected, due to the Sept. 30, 2012 expiration of a contract with Express Scripts and an Aug. 31, 2013 expiration of a Walgreens contract, though growth in volume from new and existing customers offset the decline. Profits for the segment were $433 million, an 8% increase over last year.
In the medical segment, sales increased by 13%, to $2.7 billion, due to the acquisition of AssuraMed, a distributor of medical products for the home, early in 2013. There was also strong growth in the segment’s hospital network account. Profits were $106 million, a 43% increase over last year.