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 […]
- Company News
- Contract Manufacturing Press Release
- Industry News
On June 7th, Mexico and U.S. reached a last-minute deal to avoid the imposition of punitive tariffs on US imports from Mexico. We are pleased with the outcome of the negotiations because a possible trade war has been averted. Despite this, however, Prince Manufacturing is well-positioned to service its customers on both sides of the […]
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 […]
Prince Manufacturing Juarez Team concluded Leader Standard Work Training! As part of our improvement plan for our Juarez team and together with Cole Consulting Group, on March 30th, 2019, we concluded this important training. This training will help our company to better support problem-solving, reduce process variability, better engage our team members and increase discipline […]
Technology by nature is designed to create efficiencies. Nowhere is that spirit of progressive innovation more important than in the U.S. manufacturing sector, which accounts for over $2.3 trillion in gross domestic product, or roughly 11 percent of the overall economic output of the entire country. Manufacturing is the second step in the supply chain, […]
It’s the same story with many companies who consider contract manufacturing. They grow, begin exceeding in-house production capacities, decide to find a contract manufacturing partner, and realize outsourcing is just too difficult and confusing. This guide will walk you through the first considerations to evaluate, which questions to ask, and how to know contract manufacturing is right for your organization.
For nearly two decades, US manufacturers saw China as an optimum location for assembly operations – but reshoring from China is becoming a new trend. Due to a myriad of factors – from labor prices to fuel costs to infrastructure – US manufacturers are now bringing their operations back home. The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular.
As simple as it may sound to reduce manufacturing costs, many producing companies are often at a loss. But the plain fact is, it does not matter how popular your product if you can’t sell it at a profit. It pays to understand these key ways to reduce manufacturing costs and increase profitability.
Manufacturing is undergoing a huge shift some are calling the fourth industrial revolution – or Industry 4.0. Exciting times are ahead, as opportunities open up for smarter, leaner, and more innovative production processes. Just what does Industry 4.0 mean for manufacturers and their processes, and what are the exciting opportunities to look out for?