Well known fastener and tool manufacture, Senco has handed over the keys and complete ownership of its company to a new Japanese owner. The buyers of Senco are a well-known Japanese company named KYOCERA based out of Kyoto, Japan. The company’s plans are to expand with all the resources that SENCO has to offer. Senco is a prime resource for the Japanese company as it centers most of its marketing and their manufacturing based in the US and Europe. Although the complete owner ship has been handed over to the Japanese the name will remain attached reading: KYOCERA SENCO.
In light of North Korea’s recent allegations that it detonated a hydrogen nuclear bomb the U.S. Air Force flew a nuclear capable Boeing B-52 bomber aircraft over the Korean Peninsula on January 10.
Toyota Motor Corp. will be constructing a $1 billion factory in Mexico specifically to manufacture their new Corolla compact that is expected to go on sale as a 2020 model. Mexico was chosen by the major car producer due to the lost costs of business, a strong regional supplier base, and their new architecture called TNGA. With all of these combined, the 2020 Corolla is expected to become more competitive on price and otherwise. Toyota’s TNGA - basic materials and methods for constructing the chassis and body of the car - will result in a car that has an improved lower center of gravity, ride, handling, lighter weight, and better fuel efficiency.The new factory will be built in Guanajuato, Mexico and will create approximately 2,000 jobs. With production beginning in 2019, Toyota estimates that it will be able to produce upwards of 200,000 Corollas per year for North American customers and possibly export. Currently, Corollas are also being produced in Blue Spring, Mississippi and Ontario, Canada where they are distributed to 18 countries.
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