Tiffany & Co. To Build Factory In Kentucky
Tiffany & Co. makes a range of products, some licensed by other companies (such as their timepieces), and certainly not all of them are made in the US. While the luxury goods market is steadily increasing in the US, it is booming in China. It might be seen as somewhat ironic that the Kentucky location will be making volume goods for the Chinese market.
Over the last several years Kentucky has been working with companies and giving them large incentives to build plants in Kentucky were labor is relatively cheap (for America) and jobs are needed. Tiffany & Co. will join other such as automotive makers who see Kentucky as a very friendly business environment. The new plant is said to only provide about 125 new jobs, but will likely have the type of name recognition that will open more doors in the area. Completion of the new Tiffany & Co. facility is said to completed in the first half of 2011.
Ariel Adams publishes the luxury watch reviews site aBlogtoRead.com.