Southco opens new development center - Trade Only Today

Southco opens new development center

Author:
Publish date:

Southco, a global leader in engineered access solutions with its headquarters in Concordville, Pa., opened a state-of-the-art Injection Molding and Rapid Prototyping Center of Excellence.

The new center — part of the 135,000 square feet of manufacturing operations housed at the Concordville campus — is a several million dollar investment. The center will keep technology development and highly skilled manufacturing jobs in the greater Philadelphia/southeastern Pennsylvania region to better serve the company's North America customer base.

"Southco has survived and thrived for over 100 years because of our ability to recognize, adapt and invest around the significant changes we have seen in our products, markets and customers," CEO Brian McNeill said in a statement. “The opening of this facility is part of the company's proactive restructuring plan to rebalance our operations around the globe, while maintaining our roots in Pennsylvania."

Southco serves more than 70,000 customers in 70 countries with 3,000 employees worldwide. The company’s engineered access solutions include key "touch points" such as locks, latches, captive fasteners, positioning hinges, handles and other such products. Its products are marketed to a variety of industries, including marine and automotive.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.