FERGUSON, Missouri: In 2009, the chief executive of Emerson Electric bluntly told investors at a Chicago conference what many of his counterparts at other manufacturing firms would only say privately.
A worker assembles an industrial valve at Emerson Electric’s factory in Marshalltown, Iowa, Jul 26, 2018. Emerson once had an overwhelming US and European focus. But that changed as it joined the stampede of manufacturers moving to emerging markets. When Farr became CEO in 2000, 8 per cent of Emerson’s sales were in Asia. Last year, that hit 22 per cent, and Emerson now has 26,000 employees in the region, slightly more than in the US and Canada. Most of the company’s 215 factories sprinkled around the globe are now outside the US.
Industrial valves are being tested at one of many research center labs at Emerson Electric’s Fisher Controls International subsidiary in Marshalltown, Iowa, Jul 26, 2018.
Source: Energy Industry News (energyindustrynews.net)
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