But running efficient factories can often be even more important than buying the latest, most expensive robots.
What particularly efficient factories have in common, he said, is that they seldom shut down their assembly lines in the middle of a shift.
Canadian manufacturing interests were alarmed that free trade allow the bigger and more efficient American factories to take their markets.
It would increase the pool of capital available for research, new technologies, more efficient factories and better educated and trained workers.
While it's true that favorable labor costs and efficient factories explain part of Kia's price advantage, they don't cover all of it.
This allowed for an economy of scale - larger, more efficient factories.
That is to say that they get the benefit of our experience to build more efficient factories to begin with.
The plant, designed to employ 2,000 workers, is Toyota's most modern and efficient factory, and its first on the Continent.
It is evident that the proposed reform will encourage to maintain the most efficient factories while decommissioning those operating at a loss.
Under the plan, production would be concentrated in newer, more efficient factories, eliminating 1,276 jobs.