Emerson Industrial Automation Vice President of Business Process Excellence Dan Fannin was the guest speaker at Maysville Rotary Club Tuesday. Fannin delivered an informative and upbeat overview of the company as it moves into 2014.
Fannin said the EIA division of Emerson generated $4.9 billion of the company's $24 billion in sales in 2013.
The EIA Power Transmission Solutions division is headquartered in Florence and the PTS line manufactures eight key brands for the company, including the Browning brand.
Fannin said 44 percent of Emerson sales occurred in the United State and Canada in 2013; the company invested $808 million into research and development; and new products made up 32 percent of company sales, up considerably from 25 percent approximately 20 years ago.
Although manufacturing ceased in 2013 at the EIA/EPS facilities on East Second Street and Progress Way in Maysville, Fannin said 120 employees continue to work from the East Second Street facility in areas of sales and marketing, engineering, customer service, logistics and general office staff.
Production continues at the company's Morehead and Florence facilities, and many Maysville employees took positions at those locations.
Fannin said with advances in technology and faster turnaround on customer orders, EPT is moving to lean manufacturing from batch manufacturing.
He explained lean manufacturing is when parts are produced as customers place orders versus the former batch manufacturing when parts were manufactured and stocked in quantity, waiting on customers orders.
Fannin cited consumer's use of Amazon, with delivery available within days, as an example of lean manufacturing and how delivery of inventory has changed.
He said Emerson still owns two of its original four facilities in Maysville and is working to get the properties brought up to sellable standards for the real estate market.
"What will happen, I don't know," Fannin said adding Emerson has always been a good community partner when it comes to its vacant properties and has turned some former manufacturing sites into green spaces if they didn't sell.