Hard floor vacuum equipment manufacturer Home Depot has reported that it has shipped nearly $10 million worth of vacuum equipment over the past 12 months.
The company is using the cash infusion to invest in new equipment.
“We have more than doubled our current manufacturing capacity over the last 12 months,” said Dan Hagerstrom, Home Depot’s senior vice president of supply chain.
“Our warehouse capacity and the number of employees we’ve added to our workforce have allowed us to increase production of our vacuum units.”
The company has invested $1.3 billion in manufacturing since it began selling vacuum units in 2012, according to company filings with the Securities and Exchange Commission.
The new machines are designed to reduce the amount of waste produced and to clean up contaminated spaces.
Home Depot also announced a $2 million cash infusion for the company in 2017.
It is hiring 1,500 people over the next six months to help the company meet its growth goals.
Home depot is using a “sustainable manufacturing model” to help increase productivity.
“The company is continuing to focus on the growth of its supply chain, and we are leveraging our strategic investments to support our growth, and the business is currently in a strong position,” Hagerstroms said in a statement.
“I think we’re just getting started.”
Home Depot is looking for a supply chain manager who will “bring expertise and experience to the team, with the primary focus on ensuring that Home Depot can grow and innovate while delivering quality products at competitive prices.”