In shocking shake-up, Fisher & Paykel USA sure to shift..................
Submitted by advisor on Fri, 07/01/2005 - 1:45am.
In shocking shake-up, Fisher & Paykel USA sure to shift several resources to our shores shortening shipping, so say certain sources. Shall displaced assemblers select to shave shaggy sheep? You never know.
In a well timed decision given the Maytag induced hand wringing by the press, Fisher & Paykel is shifting production of its Smart Drive Washers (Now made in Australia), and an electric motor line (Now located in New Zealand) "to North America in order to reduce costs of production, freight and working capital associated with supplying that market". Both lines will move to F&P's newly acquired DCS factory in Huntington Beach, California.
CORRECTION Sept 28: Does it really make sense to build electric motors and washers in Southern California......evidently not. Both products will be assembled in a new factory in Clyde, Ohio.
Other than being tied with Petersburg, ND as the 5th most boring community in North America, Clyde is also home to the largest automatic washing plant in the world, coincidentally owned by Whirlpool. What are the odds?
