To promote the value of an open, global economy, U.S. Treasury Secretary Henry Paulson recently visited FKI Logistex, a global leader in integrated material-handling solutions. Paulson's meeting at the St. Louis manufacturing plant followed the secretary's announcement with President George W. Bush that the administration is actively seeking more direct foreign investment in the United States.
FKI Logistex, a division of Loughborough, UK-based FKI plc, provides postal, overnight parcel, baggage handling, retail, and manufacturing warehouse and distribution solutions. Paulson cited the company's U.S. presence as an example of how foreign capital works to America's advantage. FKI Logistex employs more than 1,500 U.S. workers, and has manufacturing operations in Missouri, California, Ohio, Tennessee, and Kentucky.
"FKI Logistex is a global leader," said Paulson in his address to the more than 250 FKI Logistex employees. Paulson cited FKI Logistex's advanced laser-cutting machinery, the new GS100 global series of low-cost palletizers, and the company's global conveyor project--all developed in the United States--as examples of overseas investment contributing to both the U.S. and global economies.
"A global economy demands a responsive and productive global supply chain," said Steve Ackerman, president, FKI Logistex North America, during his introduction of Paulson. "This is much more than the boats, aircraft, trains, and trucks that carry goods. A global supply chain requires fast and accurate automated material-handling solutions like those we develop and integrate for our customers around the world. Our technology is a key enabler of an open, global economy."
Before the companywide...