Outsourcing some manufacturing overseas to reduce labor costs has been a trend for many U.S. companies in recent years. Now a New Jersey lighting products company is taking a different approach and is bringing all of its manufacturing back home.
Princeton Tec, of Mansfield Township, makes headlamps and hand held flashlights.
Vice President David Cozzone says outsourcing some of its manufacturing to China didn’t work out.
“You’ve got to take a hard look at your outflow of capital. That was the biggest thing. You’re putting a lot of money out up front and you’re waiting a long time for the return. When you manufacture everything here you’re seeing a return almost instantly,” said Cozzone.
He says having all of its operations in New Jersey has reduced freight costs, improved the quality of products, and gets them on the market quicker.
By reducing its overseas manufacturing, Princeton Tec has doubled its workforce in the Garden State. Federal Labor Secretary Hilda Solis toured the plant and says it’s something more companies can do to boost employment and make U-S manufacturing more competitive.