The Mexican manufacturing industry accounts for 44% of the total value of annual domestic production. It is largely supported by companies using the Mexico Maquila Program (IMMEX). In addition to other positive attributes, companies enjoy advantages that are the result of eight significant benefits of the program:Tax credit for VAT paymentConsidering the large volume of […]
Today we honored all of our veterans who work at Prince Manufacturing. These photos are of our celebration at the Prince Manufacturing facility in Asheville, NC. These photos are of our Veterans who work there. We thank all of our Veterans who work in all Prince locations. Thank you for your service and sacrifice for […]
Among the factors that have coalesced to constitute the primary reasons that US companies are leaving China to return to their home country and other manufacturing venues in the Americas are the global COVID-19 pandemic, China’s incursions on the rights and liberties of the citizens of Hong Kong, and the continuing US-China trade war. Recently, […]
Lean Manufacturing in the United StatesThe fastest-growing modern quality systems (Six Sigma and Lean Manufacturing) have their foundations in the movement that began in the United States in the 1940s called Total Quality Management (TQM). It was developed by an American mechanical engineer named Frederick Winslow Taylor. The principles of TQM and its use in […]
The confluence of political measures and current world events is creating an environment in which manufacturing is moving from China to the United States. American companies are starting to bring manufacturing back to the United States. While there is no by no means a stampede back home, the rate of return or the “reshoring” of […]
According to figures compiled by the Mexican Association of the Automotive Industry (AMIA),
automotive manufacturing in Mexico produced approximately 2.6 million vehicles in the first three quarters of 2019.
This is a display that we have in our Juarez operation. We look forward to adding to our other businesses. It’s a history of Prince business. Our business started in 1965 with a better way to make a die cast machine. More tonnage smaller footprint. That business grew to be approximately 50% of North American […]
In support of our military and the military alliances, we have globally, Erik Prince and Bill Mathews were a part of the 75th anniversary of Normandy this week. They both were a part of a select few to parachute in a demonstration to support the service of so many that fought to support freedom for so […]
In the modern consumer market, it is absolutely essential to improve time to market. The ability to capitalize on an idea requires a streamlined process. From concept to manufacturing to distribution, each stage must be approached strategically to respond to current consumer demands one step ahead of the competition. This, however, is easier said than […]
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