Temco Tool is about to start an expansion project that will increase our manufacturing facility by approximately 16,000 square-feet and create 20-30 new jobs when fully utilized. The increased demand from our core customers as well as several new opportunities has spurred this expansion. We have simply run out of room in our current building, fortunately our piece of land allows room for an expansion to the existing plant. The plans and permitting phase is nearing completion, and we are hoping to have the building up and externally complete by fall. Our new space will allow us to produce parts in higher volume with shorter lead time, while supporting our current long term contracts without interruption.
As the manufacturing industry continues to advance, the need for skilled workers increases. The demand for machinists, programmers, and operators is growing at a rate higher than people receiving degrees to fill those positions. It is estimated that in 2025 there will be 2 million unfilled skilled job openings in industry, compared to the 300,000 today. Continue reading