Walmart, Suppliers and Government Officials Accelerate Job Growth and Production Opportunities at U.S. Manufacturing Summit

    Walmart, Suppliers and Government Officials Accelerate Job Growth and
            Production Opportunities at U.S. Manufacturing Summit

Commitments to Inject $70 Million into Factory Growth and Add More Than 1,000
U.S. Jobs Highlight Event

PR Newswire

ORLANDO, Fla., Aug. 22, 2013

ORLANDO, Fla., Aug. 22, 2013 /PRNewswire/ -- Nearly 1,500 government officials
and suppliers convened today at the Walmart U.S. Manufacturing Summit to
advance American renewal in manufacturing and help rebuild opportunities for
America's middle class. The summit at the Orlando Convention Center
underscored Walmart's commitment to buy an additional $50 billion in U.S.-made
products over the next 10 years and featured announcements from suppliers
that, combined, are expected to infuse more than $70 million into factory
growth and create more than 1,000 domestic jobs.

"Jump-starting the manufacturing industry and rebuilding the middle class
requires a national effort by companies, industry leaders, lawmakers and
others," said Bill Simon, president and CEO of Walmart U.S. "Together, we can
help spark a revitalization of U.S.-based manufacturing, using new technology
and new innovations to make production in the United States affordable and
feasible."

The summit brought together representatives from across industries – including
500 supplier companies, 32 state governments, major retail industry leaders
and other retailers. Governors and state officials had the opportunity to
speak directly with hundreds of manufacturers who are ready to create jobs in
their local communities. For supplier companies, Walmart's summit provided an
opportunity to present potential projects and learn about the resources
available in different states.

"At the Department of Commerce, we are leading the Administration's efforts to
support American manufacturing and expand our exports," said U.S. Secretary of
Commerce Penny Pritzker. "I applaud Walmart for convening this summit and all
of the participating companies for the commitment they've made to expand their
manufacturing activities in our country. Right now, companies in America are
making and selling products around the world at an all-time record pace, and
the incentives to make things here and hire American workers is only getting
stronger. A summit like this one, which brings multiple organizations from the
public and private sectors together, is exactly the type of cooperation that's
needed to grow businesses, create jobs and keep America competitive."

As the economics of manufacturing are shifting and goods are increasingly
being produced closer to where they are consumed, the numbers work to
manufacture more in America.

GE Chairman and CEO Jeff Immelt said, "GE and Walmart understand how to bring
together the best people and the best technologies to make the world work
better. Today's announcement builds on the history of collaboration between GE
and Walmart, and reinforces our belief that manufacturing is a competitive
advantage, allowing U.S. companies to compete and win in every corner of the
world."

Supplier Commitments:

During the summit, suppliers and manufacturers discussed opportunities to
create jobs, restore communities and drive economic growth. Multiple companies
announced domestic manufacturing investments, including the following:

  oGE is creating 150 jobs through a $30 million investment to produce
    domestically made GE Energy Efficient Soft White bulbs that will be sold
    exclusively at U.S.-based Walmart stores.
  oNo nonsense^®, one of the most recognizable legwear brands in America,
    made by Kayser-Roth Corporation, announced today a sock initiative with
    Walmart that will add more than 100 new jobs at Kayser-Roth and additional
    jobs in local industries in North Carolina. No nonsense^® will be
    expanding its Made in the USA Program by investing up to $28 million in
    its existing production facilities located in North Carolina.
  oElement Electronics Corp. plans to open a new flat screen TV factory in
    Winnsboro, S.C. Production is scheduled to begin in December 2013 and the
    aggressive project will target up to 500 jobs.
  oRenfro, a North Carolina based, multi-national legwear company
    specializing in the design, manufacture and sale of all kinds of socks is
    expanding its capacities over the next two years in Cleveland, Tenn., and
    Fort Payne, Ala., by investing an additional $14 million and creating an
    additional 195 manufacturing jobs.
  oChobani, maker of America's No. 1 selling Greek Yogurt, invested $450
    million to open its Twin Falls, Idaho, plant last December. The plant
    employs more than 1,000 people and is the largest yogurt manufacturing
    facility in the world.
  oHampton Products International has been analyzing re-shoring production
    over the last five years and recently invested $5 million in a new Shell
    Lake, Wis., facility to begin production of Wright Products ® screen and
    storm door hardware. The company plans additional capital investments in
    2014 at that site that over time are expected to add an additional 150
    jobs.

"Many of us want to move forward, but it can be difficult for any one
retailer, supplier or local government to know where to start," concluded
Simon. "At the summit, we are building a network of support for domestic
manufacturing. In the room, we have the capital, the expertise, the ideas,
and, most importantly, the will."

The National Retail Federation (NRF) partnered with Walmart to host the event
and drive this initiative forward among its members.

"Retailers have a strong role to play in creating more jobs and manufacturing
in America. We can give manufacturers the confidence they need to invest in
the infrastructure they need to make this possible. We're proud to partner
with Walmart in this effort," said Matthew Shay, President and CEO of the
National Retail Federation. "The discussions helped to define the economic
opportunity that can be driven by more U.S. manufacturing, provided details on
working with government and offered examples of how suppliers are successfully
increasing domestic manufacturing."

For additional information about Walmart's commitment to U.S. manufacturing,
visit: https://corporate.walmart.com/global-responsibility/us-manufacturing.

About Walmart
Wal-Mart Stores, Inc.(NYSE: WMT) helps people around the world save money and
live better -- anytime and anywhere -- in retail stores, online, and through
their mobile devices. Each week, more than 245 million customers and members
visit our 10,857 stores under 69 banners in 27 countries and e-commerce
websites in 10 countries. With fiscal year 2013 sales of approximately$466
billion, Walmart employs more than 2 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com, and
onFacebookathttp://facebook.com/walmartand on Twitter
athttp://twitter.com/walmartnewsroom. Online merchandise sales are available
at http://walmart.com and http://www.samsclub.com.

SOURCE Walmart

Website: http://www.walmartstores.com
Contact: Randy Hargrove, 1-800-331-0085, http://news.walmart.com/reporter
 
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