OpX: Bringing Total Cost Transparency to Machinery Purchases
Sometimes, in the manufacturing space, things get a little bit “samey” ─ that is to say, nothing changes. Yes, we have technological advancements and subsequent enhancements that transform business operations on a ─ seemingly ─ daily basis, but it doesn’t always seem revolutionary to the people who don’t work within those specific spheres. Something that will pique the interest of CPO’s, procurement managers, and the financiers within manufacturing was released yesterday: the revamped .
The document will provide manufacturers with the bigger picture or a wider perspective, if you like, of the complete cost of a machine purchase. It’s free, and it has got a new, sleek, streamlined, easy-to-navigate format that features case study examples of how both OEMs and CPGs can utilise the document. The tool will also feature a customisable Excel workbook which manufacturers can use to keep a record of all salient cost information during the purchasing process.
“When purchasing equipment, acquisition, and operating costs–from design and application through operation and maintenance–must be considered, not just the price,” says Bryan Griffen, director, industry services, PMMI. “Our updated tool makes it easier than ever for companies to make informed business decisions in selecting the best solution using the total cost of the machine.”
The OpX Leadership Network was founded back in 2011 by The Association for Packaging and Processing Technologies (PMMI) with the ambition of ensuring that CPG companies and OEMs are well-connected and well-prepared to solve the common operational challenges and problems faced by manufacturers every day. The Network also aspires to leverage technological capabilities to make smarter decisions and achieve operational excellence in manufacturing hubs.
“Users have downloaded the original Total Cost of Ownership document over 5,000 times”, and it’s expected that the revamped edition will be just as, if not more popular, as we enter an era of increased digital transformation in the manufacturing sector.
Lion Electric to Construct US EV Manufacturing Facility
Who is Lion Electric?
Founded in 2008, is an innovative manufacturer of all-electric, zero-emissions, medium and heavy-duty urban vehicles. Lion Electric designs, manufactures, and assembles all components for its vehicles that have unique features specifically adapted to the users and their needs. “We believe that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life,” believes Lion Electric.
Lion Electric’s new Illinois Manufacturing Facility
Just two months after announcing plans to construct a battery manufacturing plant and innovation centre in Quebec, Lion Electric is expanding its locations further, selecting Joliet, Illinois for its new manufacturing facility in the US.
The new facility is said to “represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the US,” as well as being the company’s biggest footprint in the market. The new facility will give Lion Electric the capacity to meet increasing demand for ‘Made in America’ zero-emission vehicles and bring production closer to customers.
It is expected that the first vehicles off the production line will be in the second half of 2022.
“Lion’s historic investment to bring its largest production facility to Illinois represents not only a win for our communities, but a strong step forward in our work to expand clean energy alternatives and the jobs they bring to our communities,” said Gov. J.B. Pritzker.
“The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting one million of these cars on the road by 2030. In Illinois, we know that a clean energy economy is about more than just vehicles – it’s about healthier communities and jobs for those who live there. We are excited to welcome Lion to the Land of Lincoln and look forward to their future success here.”
Lion Electric’s Agreement with the Government of Illinois
Over the next three years, Lion Electric will invest a minimum of US$70mn into Illinois. The new facility - totalling 900,000 square feet - is expected to create a minimum of 745 clean energy direct jobs in the next three years, and have an annual production capacity of up to 20,000 all electric buses and trucks.
Scaling electric bus production and decarbonising freight and transportation
As the US moves to electrifying its school buses, the additional production capacity at the facility will help Lion Electric to scale its electric bus production, as well as produce an increased volume of heavy-duty zero-emission trucks to help governments and operators in the US further the decarbonisation of freight and transportation fleets.
“Lion is the leader in electric school buses and has always been dedicated to the U.S. market, and our commitment to be close to our customers is one of the core values we have as a company. This significant expansion into the U.S. market will not only allow us to drastically increase our overall manufacturing capacity of electric trucks and buses but to also better serve our customers, while adding critical clean manufacturing jobs that will form the backbone of the green economy,” said Marc Bedard, CEO and Founder of Lion.
“I also want to acknowledge the crucial role that P33 and Intersect Illinois, civic groups committed to developing developing a long-term roadmap for the local tech industry, played in connecting Lion with the Chicago area’s business and civic community to help further commercial traction, as well as engagement with key workforce and supplier partners.”