Downstream Metal Manufacturing
Connecticut is home to nearly 4,500 manufacturing operations, with almost 2000 centered in the Hartford Region. The industry is responsible for 13% of our gross state product and 16% of GRP for Hartford, along with 93% of Connecticut’s exports that represent $15 billion worth of goods annually.
Stanley Black and Decker, Pegasus Manufacturing, and Otis Elevator lead the downstream metal manufacturing sector in the Hartford Region, generating $2.3 billion for the local economy and impacting 15,656 jobs.
Other Notable Manufacturing Firms
- Anixter – IMS
- Environmental System Products
- Jacobs Vehicle Systems
Downstream Metal Manufacturing Success Stories
Stanley Black and Decker
Stanley Black and Decker is the world’s largest tools and storage manufacturer, and second largest commercial electronic security company. It produces $14 billion in revenue with 58,000 employees in more than 60 countries. Stanley Black and Decker has been based in Connecticut since their inception in 1843, and now their new state-of-the-art 23,000 SF “Manufactory 4.0” is based in downtown Hartford. It acts as a hub of the company’s global “Industry 4.0 smart factory”, innovation, and workforce upskilling initiatives. “Manufactory 4.0” is a cutting-edge facility that showcases advanced manufacturing technologies, and has allowed more efficiency, productivity and adaptability for Stanley Black and Decker’s operations. It is also home to STANLEY+Techstars additive manufacturing accelerator program, which attracts top advanced manufacturing startups to the Hartford Region.
Otis Elevator Company
Otis Elevator Company is the world’s largest manufacturer of vertical transportation systems, which includes elevators, escalators, and moving walkways. The vertical transportation systems industry was created due to Otis Elevator Company’s invention of the world’s first safety elevator over 160 years ago. Their headquarters are based in Farmington, CT within the Hartford Region. Otis Elevator Company recently won a large contract for Foxconn’s new factory in Wisconsin. Foxconn is the world’s largest electronics manufacturing group and produces the world’s most popular products including Apple devices and gaming consoles such as Xbox and PlayStation.