Stanley Black & Decker : President and CFO Don Allan To Provide Testimony Before Senate Finance Committee
June 22, 2021 at 10:49 am EDT
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Stanley Black & Decker President and Chief Financial Officer Don Allan will testify before Senate Finance Committee, Subcommittee on International Trade, Customs and Global Competitiveness on June 22.
Allan will provide testimony on behalf of Stanley Black & Decker on the company's manufacturing and supply chain resiliency and discuss the importance of manufacturing in the United States.
'In this period of recovery from the impacts of the COVID pandemic, we believe a strategic U.S. trade agenda is critical to ensuring a robust and inclusive economic recovery,' said Allan in a written testimony. 'The agenda should support job creation in the U.S., expand access to new markets, and ensure global competitiveness of U.S. manufacturing. The U.S. trade agenda should also reconsider the Section 301 tariff regime on products of China, particularly those that are inputs used to support U.S. manufacturing.'
Stanley Black & Decker is the largest hand and power tool manufacturer in the world and has been moving operations and its supply chain closer to U.S. customers over the past decade, adding U.S. manufacturing jobs and increased its impact to local economies and communities where it operates.
The Senate Finance Committee, Subcommittee on International Trade, Customs and Global Competitiveness hearing will take place on Tuesday, June 22, 2021 at 2:30 p.m. in the Dirksen Senate Office Building. The full testimony can be found on the Committee's website.
View the hearing
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Stanley Black & Decker Inc. published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 14:48:02 UTC.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
